Independent Bank Corp /MI/: director Michael J Cok received 582.00 shares

What happened

• Michael J Cok, a director, received phantom stock unit accruals reported as derivative acquisitions: 208.17 shares at $38.49 on Aug 14, 2026 ($8,012) and 373.83 shares at $31.72 on Oct 1, 2026 ($11,858), for a total of 582.00 shares valued at $19,870.

Key details

• Transaction dates and prices: Aug 14, 2026 — 208.17 shares @ $38.49; Oct 1, 2026 — 373.83 shares @ $31.72.
• Filing date: Oct 2, 2026.
• Shares owned after the transaction: not reported on the form.
• 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 common stock on the effective date of the deferral.
• Transaction type: derivative award/grant (code A).

Why it may matter

• These were accruals of phantom stock units under a deferred compensation plan that will be settled in common stock upon the director's retirement; they are not immediate open-market purchases or sales.
• A filing does not show why the insider traded or why the company acted.