Form 4: First Internet Bancorp Director Michele L. Raines Reports Stock Award and Disposal

Director Michele L. Raines reports acquisition of restricted stock and disposal of common stock.

Summary

• On May 19, 2025, Michele L. Raines, a director of First Internet Bancorp, reported a transaction involving the company's common stock.
• Raines acquired 2,287 shares of common stock through a restricted stock award.
• 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.
• Raines also disposed of 4,007 shares of common stock.
• Following these transactions, Raines beneficially owns 4,007 shares of First Internet Bancorp.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock transaction by a company director. It doesn't inherently convey positive or negative sentiment.

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 Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for directors and officers to receive stock awards as part of their compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The vesting of the restricted stock award aligns the director's interests with those of the shareholders.

Key Dates

Keywords

First Internet Bancorp, INBK, Form 4, Beneficial Ownership, Director, Stock Award, Raines, Michele L. Raines, Stock Disposal