James J. Twarozynski - Jan 21, 2023 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role
Senior Vice President
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Stock symbol
IBCP
Transactions as of
Jan 21, 2023
Transactions value $
-$8,539
Form type
4
Date filed
1/23/2023, 03:43 PM
Previous filing
Jul 29, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBCP Common Stock Options Exercise +194 +2.31% 8.6K Jan 21, 2023 Direct F1
transaction IBCP Common Stock Tax liability -$2.12K -91 -1.06% $23.33 8.51K Jan 21, 2023 Direct
transaction IBCP Common Stock Tax liability -$6.42K -275 -3.23% $23.33 8.24K Jan 21, 2023 Direct
holding IBCP Common Stock 4.26K Jan 21, 2023 By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IBCP Performance Right Options Exercise $0 -195 -100% $0.00* 0 Jan 21, 2023 Common Stock Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.