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Independent Bank (IBCP) director awarded 309 new common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Independent Bank Corp. director William J. Boer received a grant of 309 shares of Common Stock at $33.30 per share. This grant, classified as a grant or award acquisition, brought his directly held stake to 16,650.5 shares. Indirectly, a trust associated with him holds 28,124 shares, including 125.09 shares accumulated through a dividend reinvestment program during the first quarter.

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Insider Boer William J
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 309 $33.30 $10K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,650.5 shares (Direct); Common Stock — 28,124 shares (Indirect, By Trust)
Footnotes (1)
  1. [object Object]
Shares granted 309 shares Common Stock grant to director on 2026-04-01
Grant price $33.30 per share Price used for 309-share stock grant
Direct holdings after grant 16,650.5 shares Director’s directly held Common Stock after transaction
Indirect trust holdings 28,124 shares Common Stock held "By Trust" after reported date
DRIP-acquired shares 125.09 shares Shares acquired through dividend reinvestment program in Q1
dividend reinvestment program (DRIP) financial
"Includes 125.09 shares acquired through dividend reinvestment program (DRIP) during the first quarter."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: By Trust"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Boer William J
(Last)(First)(Middle)
4200 E BELTLINE AVE
(Street)
GRAND RAPIDS MICHIGAN 49525
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP /MI/ [ IBCP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock28,124IBy Trust
Common Stock04/01/2026A309A$33.316,650.5(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 125.09 shares acquired through dividend reinvestment program (DRIP) during the first quarter.
Remarks:
s/Darcy J. Benjamin, Attorney-in-Fact04/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did William J. Boer report at IBCP?

Director William J. Boer reported receiving a grant of 309 shares of Independent Bank Corp. Common Stock at $33.30 per share. The award increased his directly held position to 16,650.5 shares, in addition to a separate indirect holding held by a trust.

How many Independent Bank Corp. (IBCP) shares did William J. Boer directly hold after the grant?

After the 309-share grant, William J. Boer directly held 16,650.5 Independent Bank Corp. Common Stock shares. This reflects only his direct ownership; a separate trust account is reported as an indirect holding, with a larger number of shares attributed to that structure.

What indirect holdings does William J. Boer report in Independent Bank Corp. shares?

An indirect account described as "By Trust" held 28,124 Independent Bank Corp. Common Stock shares following the reported date. This trust position is separate from Boer’s direct ownership and reflects shares held in a trust structure rather than in his personal name.

Was William J. Boer’s IBCP transaction an open‑market purchase or a grant?

The filing classifies the 309-share transaction as a grant, award, or other acquisition rather than an open-market purchase. The transaction code "A" and description confirm it was an awarded grant of Common Stock, not a discretionary market buy order.

What does the dividend reinvestment program (DRIP) footnote for IBCP indicate?

The footnote states that the reported holdings include 125.09 shares acquired through a dividend reinvestment program during the first quarter. This means some of the shares were automatically purchased using cash dividends rather than through separate cash transactions.

How many total insider transactions were reported in this IBCP Form 4?

The data show one acquisition transaction and one holding-entry record. The acquisition is the 309-share grant to William J. Boer, while the holding entry updates the reported total of 28,124 shares held indirectly by a trust associated with him.