Keller Christina bought IBCP
January 1, 2025 · Form 4 insider transaction
Keller Christina bought 542.32 shares of Independent Bank Corporation at $31.35 per share, a transaction worth $17.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Direction
Acquired (buy-side)
Shares
542.32
Price
$31.35
Total value
$17.0K
InsiderKeller Christina
Role—
SecurityPhantom Stock Units
Transaction codeA: Grant or award
Transaction dateJanuary 1, 2025
Filing dateJanuary 2, 2025
Shares owned after19,854
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
The Phantom Stock Units were accrued for 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 the units credited to a participant's account is determined by dividing the accrual amount by 90% of the fair market value of the Issuer's Common Stock on the effective date of the deferral.