Lovik Kenneth J. 4
4 · First Internet Bancorp · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
First Internet Bancorp CFO Kenneth Lovik Forfeits 1,116 Shares
What Happened
Kenneth J. Lovik, Executive Vice President & Chief Financial Officer of First Internet Bancorp (INBK), had 1,116 shares from a restricted stock unit vesting forfeited to satisfy tax withholding. The shares were recorded at $21.79 each, a total value of $24,318, and listed as disposed on the Form 4.
Key Details
- Transaction date: 2026-01-31 (reported on Form 4 filed 2026-02-03; Period of Report: 2026-01-31)
- Nature: Award/vesting with shares forfeited for tax withholding (SEC code A; footnote indicates tax withholding)
- Quantity and price: 1,116 shares at $21.79; total $24,318 (disposed to satisfy withholding)
- Shares owned after transaction: not specified in the provided filing data
- Footnote: F1 — "Shares forfeited to satisfy tax withholding obligations in connection with vesting of restricted stock units."
- Timeliness: filing date is Feb 3, 2026; no late-filing flag provided in the supplied details.
Context
This was a routine tax-withholding transaction tied to RSU vesting—not an open-market sale or purchase. Such forfeitures are common when companies withhold a portion of vested shares for payroll/tax obligations and do not necessarily signal insider sentiment about the stock.
Insider Transaction Report
Form 4
Lovik Kenneth J.
Executive Vice President & CFO
Transactions
- Award
Common Stock
[F1]2026-01-31$21.79/sh−1,116$24,318→ 51,733 total
Footnotes (1)
- [F1]Shares forfeited to satisfy tax withholding obligations in connection with vesting of restricted stock units.
Signature
/s/ Kenneth J. Lovik|2026-02-03