First Internet Bancorp (NASDAQ: INBK) CFO forfeits 1,116 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Internet Bancorp Executive Vice President and CFO Kenneth J. Lovik reported a routine insider transaction involving company common stock. On 01/31/2026, 1,116 shares of common stock at $21.79 per share were forfeited to satisfy tax withholding obligations tied to vesting restricted stock units. After this tax-related forfeiture, Lovik directly owned 51,733 shares of First Internet Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lovik Kenneth J.
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,116 | $21.79 | $24K |
Holdings After Transaction:
Common Stock — 51,733 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did First Internet Bancorp (INBK) CFO Kenneth Lovik report?
Kenneth J. Lovik, Executive Vice President and CFO of First Internet Bancorp, reported a routine insider transaction where 1,116 shares of common stock were forfeited. The forfeiture satisfied tax withholding obligations arising from the vesting of restricted stock units on January 31, 2026.
Is Kenneth Lovik’s ownership in First Internet Bancorp (INBK) direct or indirect in this Form 4?
The Form 4 identifies Kenneth J. Lovik’s ownership of First Internet Bancorp common stock as direct. Following the tax-related forfeiture of 1,116 shares, his total beneficially owned amount of 51,733 shares is reported as being held in direct form, with no indirect ownership nature indicated.
What role does Kenneth J. Lovik hold at First Internet Bancorp (INBK) in this filing?
In the filing, Kenneth J. Lovik is identified as an officer of First Internet Bancorp, specifically serving as Executive Vice President and Chief Financial Officer. He is not listed as a director or ten percent owner, but as a senior executive reporting his share transaction.