INBK director granted 2,416 restricted shares
First Internet Bancorp director Jean L. Wojtowicz received a grant of 2,416 shares of common stock as a restricted stock award.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
First Internet Bancorp director Jean L. Wojtowicz received a grant of 2,416 shares of common stock as a restricted stock award. The award carries no cash purchase price and is scheduled to vest on the earlier of May 18, 2027 or immediately before the company’s next annual shareholders’ meeting. Following this award, Wojtowicz directly holds 42,421 common shares, which includes 377 shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan between July 15, 2025 and May 18, 2026.
Insider Trade Summary
Grant/Award: 2,416 shares
Grant/Award
1 txn
Insider
WOJTOWICZ JEAN L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,416 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 42,421 shares (Direct)
Footnotes (2)
- F1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting.
- F2. Includes 377 shares acquired between July 15, 2025 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.
Key Figures
Restricted stock grant: 2,416 shares
Grant price: $0.00 per share
Shares held after grant: 42,421 shares
+2 more
5 metrics
Restricted stock grant
2,416 shares
Common Stock award on May 18, 2026
Grant price
$0.00 per share
Compensation-related award, not market purchase
Shares held after grant
42,421 shares
Total direct common stock holdings post-transaction
Vesting date
May 18, 2027
Or immediately prior to next annual shareholders’ meeting
DRIP acquisitions
377 shares
Acquired via Dividend Reinvestment and Stock Purchase Plan between July 15, 2025 and May 18, 2026
Key Terms
Restricted stock award, Dividend Reinvestment and Stock Purchase Plan, Common Stock, Grant, award, or other acquisition
4 terms
Restricted stock award financial
"Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Dividend Reinvestment and Stock Purchase Plan financial
"Includes 377 shares acquired between July 15, 2025 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan."
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did INBK director Jean L. Wojtowicz report in this Form 4?
Director Jean L. Wojtowicz reported receiving a grant of 2,416 shares of First Internet Bancorp common stock as a restricted stock award, with no cash purchase price, increasing her directly held position disclosed in the filing.
When does Jean L. Wojtowicz’s restricted stock award in INBK vest?
The restricted stock award is scheduled to vest on the earlier of May 18, 2027 or immediately prior to First Internet Bancorp’s next annual shareholders’ meeting, according to the footnote disclosure in the Form 4.
What is the role of the dividend reinvestment plan in Wojtowicz’s INBK holdings?
A footnote states that 377 of the reported shares were acquired between July 15, 2025 and May 18, 2026 through the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan, reflecting automatic reinvestment of dividends and stock purchases.
Was this INBK Form 4 transaction a market purchase or sale?
The Form 4 characterizes the transaction as a grant or award acquisition, not a market trade. The transaction code is "A" and the price per share is reported as $0.00, indicating compensation-related restricted stock rather than an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
