GULIS STEPHEN L JR 4

What Happened Stephen L. Gulis Jr., a director of Independent Bank Corporation (IBCP), was granted 528.24 phantom stock units on May 14, 2026. The units were recorded at $33.71 each for a total reported value of $17,807. The transaction is coded as an award/acquisition of a derivative interest (Phantom Stock Units), not an open-market purchase.

Key Details

• Transaction date: 2026-05-14; Price per share used for valuation: $33.71; Total value: $17,807.
• Shares/units granted: 528.24 Phantom Stock Units (derivative award, Form 4 code "A").
• Settlement: Units are to be settled in the issuer's common stock upon the reporting person's retirement as a director (footnote F1).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Form filed on 2026-07-02 for a 2026-05-14 transaction (filed late).

Context Phantom Stock Units are a form of deferred compensation for non-employee directors and do not represent immediate share ownership until settlement (here, at the director’s retirement). Such awards compensate service rather than indicate a near-term buy or sell decision in the market.