First Internet Bancorp·4

Jan 21, 4:58 PM ET

Lorch Nicole S. 4

Research Summary

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First Internet Bancorp (INBK) President & COO Nicole Lorch Receives Award

What Happened

  • Nicole S. Lorch, President & Chief Operating Officer of First Internet Bancorp (INBK), was granted 8,084 restricted stock units (RSUs) on January 20, 2026. The grant is reported at $0.00 per share (total reported value $0) and is coded as an Award/Grant (A). This is not an open-market purchase or sale; RSUs represent a promise to deliver shares if and when vesting conditions are met.

Key Details

  • Transaction date: 2026-01-20; filing date: 2026-01-21.
  • Shares/units granted: 8,084 RSUs; reported price: $0.00; reported total value: $0.
  • Vesting: Per footnote, the RSUs vest in substantially equal annual installments on January 31, 2027, January 31, 2028, and January 31, 2029 (First Internet Bancorp 2022 Equity Incentive Plan).
  • Additional note (footnote F2): the filing references 136 shares acquired via the Dividend Reinvestment and Stock Purchase Plan and 23 shares via the Employee Stock Purchase Plan between Nov 28, 2025 and Jan 16, 2026.
  • Shares beneficially owned after the transaction are not specified in the provided excerpt of the filing.
  • Filing appears timely (filed the day after the report period); no late-filing indication provided.

Context:

  • RSU grants are a form of equity compensation that convert to shares only after vesting; they are not the same as an immediate purchase and do not necessarily indicate a near-term market action. No sale or exercise occurred in this report.