First Internet Bancorp director granted 2,416 shares
Bade Aasif M. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Bade Aasif M. reported acquisition or exercise transactions in this Form 4 filing.
First Internet Bancorp director Bade Aasif M. received a grant of 2,416 shares of Common Stock as a restricted stock award. This award is scheduled to vest on the earlier of May 18, 2027 or immediately before the company’s next annual shareholders’ meeting.
After this grant, he holds 14,335 shares directly and 32,500 shares indirectly through a spousal lifetime access trust. The transaction is a compensation-related stock award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,416 shares
Grant/Award
2 txns
Insider
Bade Aasif M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,416 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,335 shares (Direct);
Common Stock — 32,500 shares (Indirect, Shares held in a spousal lifetime access trust)
Footnotes (1)
- F1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting.
Key Figures
Restricted stock grant: 2,416 shares
Direct holdings after grant: 14,335 shares
Indirect holdings: 32,500 shares
+2 more
5 metrics
Restricted stock grant
2,416 shares
Common Stock award on May 18, 2026
Direct holdings after grant
14,335 shares
Common Stock held directly following transaction
Indirect holdings
32,500 shares
Held in a spousal lifetime access trust
Vesting date
May 18, 2027
Latest vesting date for restricted stock award
Grant price
$0.0000 per share
Restricted stock award exercise/issue price
Key Terms
Restricted stock award, spousal lifetime access trust, Grant, award, or other acquisition, Common Stock
4 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.
spousal lifetime access trust financial
"Shares held in a spousal lifetime access trust"
Grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did First Internet Bancorp (INBK) report for Bade Aasif M.?
First Internet Bancorp reported that director Bade Aasif M. received a grant of 2,416 shares of Common Stock as a restricted stock award. This is a compensation-related acquisition rather than an open-market trade, reflecting equity-based incentives for the director.
What is the vesting schedule of the restricted stock award reported for INBK’s director?
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. This time-based vesting aligns the director’s equity compensation with future service to the company.
Does the Form 4 for INBK show any open-market buying or selling by Bade Aasif M.?
The Form 4 does not show any open-market purchases or sales by Bade Aasif M. It reports a grant of 2,416 restricted shares at a price of $0.0000 per share, indicating a compensation award instead of a market transaction.
What indirect holdings of First Internet Bancorp (INBK) stock are reported for Bade Aasif M.?
The filing reports 32,500 shares of First Internet Bancorp Common Stock held indirectly in a spousal lifetime access trust. These shares are categorized as indirect ownership, separate from the 14,335 shares he holds directly after the restricted stock grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
