Independent Bank Corp /MI/: director Archer Dennis W. Jr received 46.93 shares

What happened

• Archer Dennis W. Jr, a director, received 46.93 phantom stock units (reported as a derivative acquisition) at $38.49 per share on Aug 14, 2026, for a total reported value of $1,806.

Key details

• Transaction date and price: Aug 14, 2026 at $38.49 per share.
• Shares received: 46.93 phantom stock units; total value reported $1,806.
• Shares owned after the transaction: not reported in this Form 4.
• Footnote F1: the Phantom Stock Units were 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.
• Filing date and timeliness: Form 4 filed Oct 2, 2026, which is 49 days after the Aug 14, 2026 transaction; the filing is late.

Why it may matter

• The filing reports an award of phantom stock units (a deferred compensation derivative) that are to be settled in common stock upon the director's retirement.
• A filing does not show why the insider traded or why the company acted.