Birgit M. Klohs - 16 Nov 2023 Form 4 Insider Report for MACATAWA BANK CORP

Role
Director
Signature
/s/ G. Charles Goode, By Power of Attorney
Issuer symbol
N/A
Transactions as of
16 Nov 2023
Net transactions value
$0
Form type
4
Filing time
17 Nov 2023, 15:27:22 UTC
Previous filing
14 Nov 2022
Next filing
02 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCBC Common Stock Award $0 +1,936 +13% $0.000000 17,269 16 Nov 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports the grant of shares of restricted stock under the Macatawa Bank Corporation Stock Incentive Plan of 2015 ("Plan"). These shares will vest at the rate of one-third each year beginning on November 16, 2024, and will be fully vested on November 16, 2026. Before vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.