Form 4: First Internet Bancorp Director Jean L. Wojtowicz Reports Acquisition of Common Stock

Director Jean L. Wojtowicz reports acquiring 1,720 shares of First Internet Bancorp common stock and disposing of shares, with total holdings now at 37,065 shares.

Summary

• On May 20, 2024, Jean L. Wojtowicz, a director of First Internet Bancorp, reported acquiring 1,720 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Wojtowicz also disposed of shares.
• Following the transaction, Wojtowicz beneficially owns 37,065 shares of First Internet Bancorp.
• This includes 338 shares acquired through the company's Dividend Reinvestment and Stock Purchase Plan between July 19, 2023, and April 17, 2024.
• The reported transaction also involves a restricted stock award scheduled to vest the earlier of May 19, 2025, or immediately prior to the company's next annual shareholders' meeting.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard insider transaction report. The acquisition of shares by a director is mildly positive, suggesting confidence in the company, but it's not a major event.

Positives

• The director's increased stake in the company could be seen as a positive signal.

Future Outlook

The vesting of the restricted stock award on May 19, 2025, or at the next annual shareholders' meeting, suggests continued alignment of the director's interests with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future actions of key personnel.

Stakeholder Impact

• The increased stake of a director may positively influence shareholder confidence.

Key Dates