Ervin Patrick J 4/A
4/A · INDEPENDENT BANK CORP /MI/ · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (IBCP) EVP Patrick J. Ervin Withholds 1,778 Shares
What Happened
Patrick J. Ervin, Executive Vice President of Independent Bank Corp (IBCP), had 1,778 shares withheld to cover tax obligations related to a stock-related event. The shares were valued at $33.78 each, for a total withholding value of $60,061. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-06; withholding: 1,778 shares at $33.78; total value $60,061.
- Shares owned after the transaction: not reported in this filing.
- Footnote: This is an amended Form 4 — the original April 7, 2026 filing reported an incorrect number of shares withheld; this amendment corrects that number.
- Timeliness: Original Form 4 was filed on April 7 (one business day after the transaction); the amendment was filed April 8. The filing does not appear to be late.
Context
Code F indicates shares were withheld to satisfy tax withholding obligations arising from an equity award or option exercise (a net-share settlement or similar). Such withholdings are routine administrative actions and do not necessarily signal a change in insider sentiment because the shares are retained by the company to cover taxes rather than sold on the open market.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-04-06$33.78/sh−1,778$60,061→ 37,220 total
Footnotes (1)
- [F1]The Form 4 filed by the reporting person on April 7, 2026 inadvertently reported an incorrect number of shares of common stock withheld to cover tax obligations of the reporting person. This amendment is being filed to reflect the correct number of shares withheld.