First Internet Bancorp·4

May 19, 3:07 PM ET

Dee Ann C. 4

Research Summary

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First Internet Bancorp (INBK) Director Dee Ann C. Receives Award

What Happened
Dee Ann C., a director of First Internet Bancorp (INBK), was granted a restricted stock award of 2,416 shares on May 18, 2026. The shares were reported as acquired at $0.00 per share (award/grant), so no cash purchase was made. This is an equity compensation award rather than an open-market purchase or sale.

Key Details

  • Transaction date: 2026-05-18; Filing date: 2026-05-19 (timely—Form 4 due within two business days).
  • Transaction type/code: Award/Grant (A). Price reported: $0.00 per share. Total shares in award: 2,416.
  • Vesting: The restricted shares are scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company’s next annual shareholders’ meeting (footnote F1).
  • Additional shares: Filing notes it "includes 46 shares acquired between January 16, 2026 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan" (footnote F2).
  • Shares owned after transaction: Not specified in the information provided in this summary.

Context
A $0.00 price indicates these were awarded shares (restricted stock), commonly used as director or executive compensation. Restricted shares typically cannot be sold until they vest; vesting timing and any forfeiture conditions determine when the director gains full control. This filing reports an acquisition (a bullish-aligned action in the sense the insider received equity) but does not indicate an open-market purchase of shares with cash.