Christian Justin P. 4
Research Summary
AI-generated summary
First Internet (INBK) Director Christian Justin P. Receives 2,416-Share Award
What Happened Christian Justin P., a director of First Internet Bancorp (INBK), was granted 2,416 shares as a restricted stock award on May 18, 2026. The award was reported at $0.00 per share (transaction code A — award/grant), so the filing shows $0 total value at grant (typical for restricted-share grants where no cash was exchanged).
Key Details
- Transaction date: 2026-05-18; filing date: 2026-05-19 (filed promptly).
- Transaction type/code: Award/Grant (A).
- Shares granted: 2,416; reported acquisition price: $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Award is restricted and scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company’s next annual shareholders’ meeting.
- No 10b5-1 plan, tax-withholding sale, or late-filing indication noted in the filing.
Context Restricted stock awards are compensation and are not open-market purchases or sales; they generally vest over time (or on a condition) and may signal alignment with long-term shareholder interests but do not represent an immediate cash investment by the insider. This filing appears routine and timely.