Independent Bank (NASDAQ: IBCP) EVP Joel Rahn receives 1,901 PSUs and 1,901 shares

Rhea-AI Filing Summary

Independent Bank Corp. Executive Vice President Joel F. Rahn reported stock-based compensation awards. On February 3, 2026, he received 1,901 Performance Rights (PSUs), each representing a contingent right to receive up to two shares of common stock based on relative total shareholder return. He also acquired 1,901 shares of common stock at $0 per share, bringing his directly held common stock to 27,061.01 shares. In addition, he indirectly holds 1,380.14 shares through an ESOP, which includes shares accumulated via a dividend reinvestment program.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RAHN JOEL F

(Last) (First) (Middle)

4200 E BELTLINE

(Street)

GRAND RAPIDS MI 49525

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP /MI/ [ IBCP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								1,380.14	I	By ESOP
Common Stock	02/03/2026		A		1,901	A	$0	27,061.01(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Right	(2)	02/03/2026		A		1,901		(2)	02/03/2029	Common Stock	(2)	$0	1,901	D

Explanation of Responses:

1. Includes 882.90 shares acquired through dividend reinvestment program (DRIP).

2. Each Performance Right (PSU) represents a contingent right to receive not more than two (2) shares of Issuer Common Stock, based upon the total shareholder return of Issuer's Common Stock, relative to its peer group index.

Remarks:

	s/Darcy J. Benjamin, Attorney-in-Fact	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Independent Bank Corp (IBCP) report for Joel F. Rahn?

Independent Bank Corp reported that Executive Vice President Joel F. Rahn received 1,901 Performance Rights and 1,901 shares of common stock on February 3, 2026. These awards were granted at $0 per share as part of stock-based compensation.

How many Independent Bank Corp (IBCP) shares does Joel F. Rahn own after this Form 4?

After the reported transactions, Joel F. Rahn directly owns 27,061.01 shares of Independent Bank Corp common stock. He also indirectly owns 1,380.14 shares through an ESOP, providing a combination of direct and indirect equity exposure.

What are the terms of the Performance Rights (PSUs) granted to Joel F. Rahn at IBCP?

Each Performance Right granted to Joel F. Rahn represents a contingent right to receive up to two shares of Independent Bank Corp common stock. The ultimate payout depends on the company’s total shareholder return relative to a peer group index.

When do Joel F. Rahn’s Performance Rights at Independent Bank Corp vest or expire?

The Performance Rights granted on February 3, 2026 are tied to an expiration date of February 3, 2029. They are performance-based units, and payout in shares depends on total shareholder return versus a defined peer group over the performance period.

How many IBCP shares does Joel F. Rahn hold indirectly through the ESOP?

Joel F. Rahn indirectly holds 1,380.14 shares of Independent Bank Corp common stock through an ESOP. This total includes 882.90 shares accumulated via a dividend reinvestment program, reflecting ongoing reinvestment of dividends into additional shares.

What is the transaction price for Joel F. Rahn’s IBCP stock grants?

Both the 1,901 Performance Rights and the 1,901 common shares reported for Joel F. Rahn were granted at $0 per share. This indicates these awards were compensation grants rather than open-market purchases involving cash consideration.