Independent Bank Corp /MI/: director Keller Christina received 832.47 shares

What happened

• Keller Christina, director, received derivative awards (phantom stock units) in two grants: 182.17 shares at $38.49 on Aug 14, 2026 for $7,012, and 650.3 shares at $31.72 on Oct 1, 2026 for $20,628. The filing classifies both transactions as "A" (award/grant) and "Derivative."

Key details

• Transaction dates and prices: Aug 14, 2026 — 182.17 shares @ $38.49 = $7,012 (derivative); Oct 1, 2026 — 650.3 shares @ $31.72 = $20,628 (derivative).
• Transaction code: A (grant/award).
• Shares owned after the transaction: the filing does not report shares owned after the transactions.
• Footnotes: the units are phantom stock units 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. The number of units credited 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.
• Form 4 filing date: Oct 2, 2026.

Why it may matter

• These were awards of phantom stock units (derivative grants) that the filing says will be settled in common stock upon the director's retirement, rather than open-market purchases or sales.
• A filing does not show why the insider traded or why the company acted.