Mohr Gavin A. 4

What Happened Gavin A. Mohr, Executive Vice President of Independent Bank Corp (IBCP), was granted 2,037 performance-based awards on February 3, 2026. The filing shows two entries of 2,037 units each at $0.00 — one listed as an award/acquisition and one listed as a derivative award. No cash changed hands; these are performance rights (PSUs), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-03; Filing date: 2026-02-05 (filed within the 2-business-day Form 4 reporting window).
• Award: 2,037 performance rights (PSUs) recorded at $0.00; one entry listed as derivative.
• Potential share conversion: each PSU may convert into up to 2 shares based on relative total shareholder return vs peers — maximum potential = 4,074 shares.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — "Each Performance Right (PSU) represents a contingent right to receive not more than two (2) shares of Issuer Common Stock, based upon the total shareholder return of Issuer's Common Stock, relative to its peer group index."

Context Performance-based awards are contingent on future performance metrics; they are not immediate purchases or sales and do not necessarily indicate near-term insider buying or selling. The grant is a standard form of executive compensation designed to align long-term pay with shareholder returns.