Opperman Sarah R 4

What Happened Sarah R. Opperman, a director of Isabella Bank Corporation (ISBA), acquired 277.33 shares on January 20, 2026 at $49.58 per share, for a total reported value of $13,750. The transaction is reported as a purchase (Form 4 code P) and was made under the director deferred compensation arrangement rather than a standard open-market cash purchase.

Key Details

• Transaction date and price: 2026-01-20 — 277.33 shares at $49.58 each.
• Total value: $13,750 (as reported).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — shares were acquired with director fees under the Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors. F2 notes that reported holdings include shares from dividend reinvestment.
• Filing timeliness: Form 4 was filed 2026-01-23 for the 2026-01-20 transaction; since Form 4 is normally due within two business days, this appears to be filed one business day late.

Context This was a purchase made via director compensation/deferral (per F1), a routine way directors convert compensation into company stock. Such purchases represent an acquisition of shares but do not, by themselves, reveal the director’s personal trading cash flow or intent.