FMR LLC holds 566,153 shares of Independent Bank (NASDAQ: IBCP)
Rhea-AI Filing Summary
FMR LLC filed an Amendment No. 1 to Schedule 13G/A reporting beneficial ownership of 566,152.79 shares of INDEPENDENT BANK CORP MICH common stock. The filing shows 2.7% of the class beneficially owned, with sole dispositive power over 566,152.79 shares and sole voting power reported as 562,265 shares. The filing is signed under a power of attorney and references Exhibit 99 for a 13d-1(k)(1) agreement.
Positive
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Negative
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Key Figures
Beneficial ownership: 566,152.79 shares
Percent of class: 2.7%
Sole voting power: 562,265 shares
+2 more
5 metrics
Beneficial ownership
566,152.79 shares
reported on Amendment No. 1 to Schedule 13G/A
Percent of class
2.7%
percent of common stock beneficially owned
Sole voting power
562,265 shares
voting power reported on cover page
Sole dispositive power
566,152.79 shares
dispositive power reported on cover page
CUSIP
453838609
issuer common stock identifier
Key Terms
Schedule 13G/A, Beneficial ownership, Dispositive power, 13d-1(k)(1) agreement
4 terms
Schedule 13G/A regulatory
"Amendment No. 1 to Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownership regulatory
"Amount beneficially owned: 566152.79 (b) Percent of class: 2.7 %"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Dispositive power regulatory
"Sole dispositive power 566,152.79"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
13d-1(k)(1) agreement regulatory
"Please see Exhibit 99 for 13d-1(k) (1) agreement"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake does FMR LLC report in INDEPENDENT BANK CORP MICH (IBCP)?
FMR LLC reports beneficial ownership of 566,152.79 shares, representing 2.7% of the common stock. The filing lists sole dispositive power for 566,152.79 shares and sole voting power of 562,265 shares.
Who filed the Schedule 13G/A amendment for IBCP?
FMR LLC filed the Amendment No. 1 to Schedule 13G/A. The filing also references Abigail P. Johnson and is signed under a power of attorney by a duly authorized representative.
Where are the issuer headquarters and the CUSIP listed?
The issuer's principal executive offices are listed at 4200 E Beltline Ave, Grand Rapids, MI, and the CUSIP for the common stock is 453838609 as shown on the cover.