Ervin Patrick J 4

What Happened

• Ervin Patrick J, Executive Vice President of Independent Bank Corp (IBCP), was granted awards on Feb 3, 2026. The Form 4 reports two acquisitions: 1,741 shares granted at $0.00 and 1,741 derivative awards (performance rights/PSUs) also recorded at $0.00. These are awards (transaction code A), not purchases or sales.

Key Details

• Transaction date: 2026-02-03; filing date: 2026-02-05 (appears timely — Form 4 filed two days after the transaction).
• Awards: 1,741 shares granted and 1,741 performance rights recorded as derivative awards, both at $0.00.
• Potential maximum shares from PSUs: each Performance Right may convert into up to 2 shares, so the 1,741 PSUs could yield up to 3,482 shares if payout is at maximum (contingent on performance).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: F1 — Each Performance Right (PSU) is a contingent right to receive up to two shares of common stock based on Independent Bank’s total shareholder return relative to its peer group.

Context

• This was a company grant/award (compensation), not an open-market buy or sale; such awards are routine for executive compensation and do not by themselves signal a personal buy or sell decision.
• The PSUs are performance contingent — eventual share delivery depends on future performance metrics and vesting, so the immediate value and final share count are uncertain.