Sundar PichaiSundar Pichai earned $164M in 2023

William (Brad) Kessel is the President and CEO of Independent Bank Corporation, a position he has held since January 1, 2013. He joined the company in 1994 and has worked his way up through various roles including Chief Operating Officer...

Quick Links
I

William (Brad) Kessel

Ex-CEO of Independent Bank Corporation

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1962 - 63 years ago

CEO of Independent Bank Corporation for

6 years 11 months (Jan 2013 - Dec 2019)

Previous Experience

President and Chief Operating Officer of Independent Bank Corporation.

Holdings

See how much did William (Brad) Kessel make over time.

William Kessel has been actively managing his stock holdings in Independent Bank Corporation, which showcase his confidence in the company. At various points throughout 2019 to 2024, the market value of his holdings fluctuated significantly. At its highest in early...

Mar 11, 2025

Total Stock Sold

$194.53K

IBCP

$194.53K

10,835 IBCP shares

What if they kept their stock?

If William (Brad) Kessel didn't sell their stock, today they would have:
Extra IBCP10,835 shares worth $157.97K.
This is -18.79% and $36.55K less than what they got when they sold the stock.

Charitable Transactions

IBCP

8,100 shares

IBCP

Recent Charitable Transactions

IBCP

1,000 shares

IBCP

Dec 11, 2023

Charity

IBCP

1,000 shares

IBCP

Dec 20, 2022

Charity

IBCP

1,000 shares

IBCP

Dec 14, 2021

Charity

IBCP

1,100 shares

IBCP

Dec 4, 2020

Charity

IBCP

2,000 shares

IBCP

Dec 5, 2019

Charity

IBCP

2,000 shares

IBCP

May 1, 2017

Charity

Insider Trading

See recent insider trades of William (Brad) Kessel.

IBCP

6,511 shares

IBCP

Feb 6, 2024

Received

IBCP

1,000 shares

IBCP

Dec 11, 2023

Charity

IBCP

6,431 shares

IBCP

Feb 6, 2023

Received

IBCP

1,000 shares

IBCP

Dec 20, 2022

Charity

IBCP

5,088 shares

IBCP

Jan 25, 2022

Received

IBCP

1,000 shares

IBCP

Dec 14, 2021

Charity

IBCP

6,525 shares

IBCP

Jan 26, 2021

Received

IBCP

1,100 shares

IBCP

Dec 4, 2020

Charity

IBCP

$3.00K

IBCP at $15.00/share

Mar 12, 2020

Purchase

IBCP

5,551 shares

IBCP

Jan 21, 2020

Received

Compensation History

See how much did William (Brad) Kessel make over time.

In 2019, William Kessel received total compensation of approximately $1.1 million, which included a base salary of $495,000. He earned this through a structured compensation strategy aimed at aligning his interests with the bank’s performance. Bonuses were awarded based on achievement metrics such as earnings growth and deposit increases, total bonuses reaching nearly $287,000 that year. His compensation also included stock awards valued around $120,000, which vest over time to promote long-term commitment and performance. The compensation model used for Kessel is designed to attract and retain talent by rewarding performance aligned with shareholder interests, highlighting his role in driving the bank's success and stability amidst changing market conditions. Throughout the years, his compensation has seen a steady increase, reflecting his growing responsibilities and contributions to the bank's strategy and success.

Year

2019

Total Compensation

$969.81K

Salary

$495.00K

Board Justification

The compensation committee believes in a balanced approach to executive compensation that aligns with company performance and market benchmarks.

Bonus

$286.78K

Board Justification

Cash bonuses paid under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2019.

Other

$68.04K

Board Justification

Includes contributions to the ESOP, matching contributions to defined contribution plans, personal use of company vehicles, dividends on restricted stock, and club dues.

Restricted Stock

$119.98K(5.34K Restricted Stock)

Board Justification

Shares of restricted stock granted in 2019 that cliff vest after three years.

Performance Metrics

Performance metrics for 2019 included earnings per share, organic deposit growth, efficiency ratio, and non-performing assets to total assets.

Other Independent Bank Corporation CEOs

Here are other CEOs of Independent Bank Corporation