Director at First Internet Bancorp (INBK) granted additional company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Internet Bancorp director Dee Ann C. reported a compensation-related stock grant on Common Stock. She acquired 2,416 restricted shares at no cost, scheduled to vest the earlier of May 18, 2027 or immediately before the company’s next annual shareholders’ meeting. After this award, she holds 19,532 shares in total, including 46 shares accumulated through the company’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dee Ann C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,416 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,532 shares (Direct, null)
Footnotes (1)
- Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting. Includes 46 shares acquired between January 16, 2026 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.
Key Figures
Restricted stock grant: 2,416 shares
Holdings after transaction: 19,532 shares
Dividend plan shares: 46 shares
+1 more
4 metrics
Restricted stock grant
2,416 shares
Common Stock award on May 18, 2026 at $0.00 per share
Holdings after transaction
19,532 shares
Total Common Stock owned by director after grant
Dividend plan shares
46 shares
Acquired between Jan 16, 2026 and May 18, 2026 via dividend reinvestment plan
Vesting date trigger
May 18, 2027
Restricted stock vests the earlier of this date or before next annual meeting
Key Terms
Restricted stock award, Dividend Reinvestment and Stock Purchase Plan, Grant, award, or other acquisition
3 terms
Restricted stock award financial
"Restricted stock award scheduled to vest the earlier of May 18, 2027"
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 46 shares acquired ... 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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did the Form 4 for First Internet Bancorp (INBK) director report?
The Form 4 reports that director Dee Ann C. received a grant of 2,416 shares of First Internet Bancorp Common Stock as a restricted stock award, increasing her total holdings to 19,532 shares, including shares accumulated through the company’s Dividend Reinvestment and Stock Purchase Plan.
What does the Dividend Reinvestment and Stock Purchase Plan mean for INBK investors?
The Dividend Reinvestment and Stock Purchase Plan allows participants to automatically reinvest dividends into additional First Internet Bancorp shares. The filing notes the director accumulated 46 shares under this plan between January 16, 2026 and May 18, 2026, indicating ongoing reinvestment activity.