IBCP executive granted stock and performance rights

Independent Bank Corp. Executive Vice President Michael Joseph Stodolak reported equity awards and holdings changes.

Accepted by SEC EDGAR 02/05/2026 - 11:24 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Independent Bank Corp. Executive Vice President Michael Joseph Stodolak reported equity awards and holdings changes. On February 3, 2026, he received 1,532 Performance Rights at a price of $0 per right. Each Performance Right represents a contingent right to receive not more than two shares of common stock, depending on total shareholder return versus a peer index.

On the same date, he also acquired 1,532 shares of common stock at $0, bringing his direct common stock holdings to 15,445 shares. Separately, he holds 4,990.05 shares of common stock indirectly through an ESOP.

Insider Trade Summary

Grant/Award: 3,064 shares

Grant/Award 2 txns

Insider Stodolak Michael Joseph

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Performance Right	1,532	$0.00	$0.00
Grant/Award	Common Stock	1,532	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Performance Right — 1,532 contracts (Direct); Common Stock — 15,445 shares (Direct); Common Stock — 4,990.05 shares (Indirect, By ESOP)

Holdings Before and After: Performance Right, 0 to 1,532 contracts (Direct); Common Stock, 13,913 to 15,445 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did IBCP Executive Vice President Michael Stodolak report?

Michael Joseph Stodolak reported receiving 1,532 Performance Rights and 1,532 shares of Independent Bank Corp. common stock at $0 on February 3, 2026. These awards increase his direct and indirect equity exposure to the company through stock and performance-based units.

How many Independent Bank Corp. (IBCP) shares does the EVP own after this Form 4?

After the reported transactions, Michael Stodolak directly owns 15,445 shares of Independent Bank Corp. common stock. In addition, he indirectly holds 4,990.05 shares through an ESOP, giving him both direct and indirect ownership interests in the company’s equity.

What are the terms of the 1,532 Performance Rights reported by IBCP’s EVP?

Each of the 1,532 Performance Rights is a contingent award that can convert into not more than two shares of Independent Bank Corp. common stock. The payout depends on the company’s total shareholder return relative to a defined peer group index over the performance period.

What was the price paid for the Performance Rights and shares in the IBCP Form 4?

Both the 1,532 Performance Rights and the 1,532 common shares reported by Michael Stodolak were acquired at a price of $0 per unit. This indicates they are compensation-related equity awards rather than open-market purchases for cash consideration.

How are Michael Stodolak’s indirect IBCP share holdings structured?

Michael Stodolak’s indirect holdings consist of 4,990.05 shares of Independent Bank Corp. common stock held "By ESOP." This indicates the shares are maintained through an employee stock ownership plan structure, separate from his directly held personal share account.

What is the expiration date of the Performance Rights granted to the IBCP executive?

The Performance Rights granted to Michael Stodolak on February 3, 2026 have an expiration date of February 3, 2029. Their actual share payout will depend on performance conditions tied to total shareholder return versus a peer group over the measurement period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

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^*

Stodolak Michael Joseph

(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								4,990.05	I	By ESOP
Common Stock	02/03/2026		A		1,532	A	$0	15,445	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	(1)	02/03/2026		A		1,532		(1)	02/03/2029	Common Stock	(1)	$0	1,532	D

Explanation of Responses:

1. 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.