Archer Dennis W. Jr bought IBCP
November 13, 2023 · Form 4 insider transaction
Archer Dennis W. Jr bought 65.06 shares of Independent Bank Corporation at $20.82 per share, a transaction worth $1.4K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 50 days after the transaction.
Direction
Acquired (buy-side)
Shares
65.06
Price
$20.82
Total value
$1.4K
InsiderArcher Dennis W. Jr
Role—
SecurityPhantom Stock Units
Transaction codeA: Grant or award
Transaction dateNovember 13, 2023
Filing dateJanuary 2, 2024
Shares owned after5,955
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.