Cok Michael J 4
4 · INDEPENDENT BANK CORP /MI/ · Filed Jan 2, 2024
Insider Transaction Report
Form 4
Cok Michael J
Director
Transactions
- Award
Phantom Stock Units
2023-11-13$20.82/sh+244.8$5,097→ 22,404.89 total→ Common Stock (244.8 underlying) - Award
Phantom Stock Units
2024-01-01$23.42/sh+346.96$8,126→ 22,751.85 total→ Common Stock (346.96 underlying)
Footnotes (2)
- [F1]The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.
- [F2]The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director. The number of the units credited to a participant's account is determined by dividing the accrual amount by 90% of the fair market value of the Issuer's Common Stock on the effective date of the deferral.