First Internet Bancorp (INBK) CFO receives 4,620-share RSU equity award
Rhea-AI Filing Summary
First Internet Bancorp Executive Vice President & CFO Kenneth J. Lovik reported an equity award of 4,620 shares of common stock on January 20, 2026. The filing explains this represents a grant of restricted stock units (RSUs) under the First Internet Bancorp 2022 Equity Incentive Plan, with the RSUs scheduled to vest in substantially equal annual installments on January 31, 2027, January 31, 2028, and January 31, 2029.
After this grant, Lovik beneficially owns 52,849 shares of First Internet Bancorp common stock in direct form, which includes 328 shares acquired between February 28, 2025 and January 15, 2026 through the company’s Employee Stock Purchase Plan. The grant was reported at a price of $0 per share, reflecting its nature as an equity incentive award rather than an open-market purchase.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,620 | $0.00 | -- |
Footnotes (1)
- Represents grant of RSUs under the First Internet Bancorp 2022 Equity Incentive Plan. The RSUs are scheduled to vest in substantially equal annual installments on January 31, 2027, January 31, 2028, and January 31, 2029. Includes 328 shares acquired from February 28, 2025 through January 15, 2026 pursuant to the First Internet Bancorp Employee Stock Purchase Plan.
FAQ
What insider transaction did First Internet Bancorp (INBK) report for Kenneth J. Lovik?
The company reported that Executive Vice President & CFO Kenneth J. Lovik received an equity award of 4,620 shares of common stock on January 20, 2026, coded as an acquisition (A) at $0 per share, reflecting a grant rather than a market purchase.
When do the RSUs granted to INBK CFO Kenneth J. Lovik vest?
The RSUs are scheduled to vest in substantially equal annual installments on January 31, 2027, January 31, 2028, and January 31, 2029, spreading the vesting over three years.
What role did the Employee Stock Purchase Plan play in INBK CFO’s holdings?
The filing notes that Lovik’s total includes 328 shares acquired from February 28, 2025 through January 15, 2026 under the First Internet Bancorp Employee Stock Purchase Plan, in addition to the RSU grant.
Is this INBK insider transaction a purchase or a compensation grant?
The transaction is reported with a price of $0 per share and described as a grant of RSUs under the company’s equity incentive plan, indicating it is compensation-related rather than an open-market purchase or sale.