KESSEL WILLIAM B (President & CEO) exercised options at INDEPENDENT BANK CORP /MI/
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 4/7/2026ACC: 0001290904-26-000004
DirectorOfficer· President & CEO
Since Jan 2019
-238.00
Net shares
Net seller
$161.7K
Total sold
0
Open market trades
0B · 0S
3
Total transactions
10.98K acquired · 11.22K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+10.98K
Price / share
—
Trade value
—
% of position
7.1%
4/6/2026
153.64K→164.62K
Common Stock
Direct
Shares
−4.79K
Price / share
$33.78
Trade value
$161.74K
% of position
2.9%
4/6/2026
164.62K→159.84K
Total
Net shares
+6.19K
Net value
-$161.74K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 4/6/2026 | M · Option Exercise | +10.98K | — | — | 7.1% | 153.64K | 164.62K |
| Common Stock Direct | 4/6/2026 | F · Tax Withholding | −4.79K | $33.78 | $161.74K | 2.9% | 164.62K | 159.84K |
| Total | +6.19K | -$161.74K | ||||||
Derivative Transactions1
Performance Right
Direct
Converts to
Common Stock
Shares
−6.43K
Strike price
Held after
0.00
Exercisable
—
4/6/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance Right Direct | Common Stock | 4/6/2026 | M · Option Exercise | −6.43K | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)1
Common Stock
IndirectShares owned9.02K
Total
9.02K indirect9.02K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 9.02K | Indirect |
| Total | 9.02K | 9.02K indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported