Independent Bank (IBCP) EVP Stefanie Kimball Receives Performance Award

What Happened Stefanie M. Kimball, Executive Vice President of Independent Bank Corp (IBCP), was granted 1,793 performance-based awards (reported as "A" — award/grant) on February 3, 2026. The grants were reported at $0.00 per award (no cash paid). A separate derivative entry for 1,793 units was also reported to reflect the performance-right (PSU) nature of the award.

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (appears to be timely).
• Awarded: 1,793 Performance Rights (PSUs) at $0.00; a matching derivative entry of 1,793 PSUs was also reported.
• Potential upside: Each Performance Right may convert into up to two shares of IBCP common stock based on total shareholder return vs. a peer group — maximum possible shares = 3,586.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The award is performance-based (PSU) tied to relative total shareholder return vs. peers.
• Transaction code: A = Award/Grant; derivative entry notes contingent nature.

Context This is an equity compensation grant, not an open-market purchase or sale. Because these are performance-contingent awards, they only convert to stock if performance conditions are met; they carry no immediate cash value at grant. Such grants are common for executive compensation and do not by themselves indicate insider buying or selling sentiment.