Independent Bank Corp /MI/: director Joan A Budden received 259.02 shares

What happened Joan A Budden, director, received 259.02 shares as an award (transaction code A). The filing shows an acquisition price of $38.49 per share for a total value of $9,970 and identifies the grant as derivative in nature.

Key details

• Transaction date and price: Aug 14, 2026 — 259.02 shares at $38.49 per share (total $9,970).
• Shares owned after the transaction: not reported on the Form 4.
• Footnote F1: includes 14.8688 shares acquired through the dividend reinvestment program (DRIP) during the 3rd quarter.
• Footnote F2: the Phantom Stock Units were accrued 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.
• Form filed: Oct 02, 2026.
• Transaction type: derivative award (Phantom Stock Units).

Why it may matter This was a grant of phantom stock units that are to be settled in common stock upon Budden's retirement as a director. A filing does not show why the insider traded or why the company acted.