Form 4: First Internet Bancorp Director Dee Ann C. Dee Reports Acquisition of Common Stock

Director Dee Ann C. Dee reports acquisition of 2,287 shares of First Internet Bancorp common stock through a restricted stock award and dividend reinvestment.

Summary

• On May 19, 2025, Dee Ann C. Dee, a director of First Internet Bancorp, acquired 2,287 shares of common stock.
• The acquisition includes a restricted stock award of 2,230 shares and 57 shares acquired through the Dividend Reinvestment and Stock Purchase Plan between July 16, 2024, and April 16, 2025.
• The restricted stock award is scheduled to vest the earlier of May 18, 2026, or immediately prior to the Company's next annual shareholders' meeting.
• Following the transaction, Dee Ann C. Dee beneficially owns 15,919 shares of First Internet Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership changes. The director's increased stake could be seen as mildly positive, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
• Participation in the Dividend Reinvestment and Stock Purchase Plan demonstrates a long-term investment perspective.

Future Outlook

The restricted stock award is scheduled to vest the earlier of May 18, 2026, or immediately prior to the Company's next annual shareholders' meeting.

Industry Context

This filing is a routine disclosure of a director's stock ownership changes, which is common in the financial services industry. It provides transparency to investors regarding the alignment of interests between company leadership and shareholders.

Comparison to Industry Standards

• Director stock ownership is a common practice in publicly traded companies, including financial institutions like First Internet Bancorp.
• Comparable companies such as Axos Financial (AX), or BankFinancial (BFIN) also have similar reporting requirements for insider transactions.
• The vesting schedule of the restricted stock award is typical, often tied to continued service or company performance.

Stakeholder Impact

• The increased stock ownership by a director could positively influence shareholder confidence.
• Employees may view this as a positive sign of leadership's commitment to the company.

Key Dates

Keywords

First Internet Bancorp, INBK, Dee Ann C. Dee, Director, Common Stock, Beneficial Ownership, Restricted Stock Award, Dividend Reinvestment Plan