Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-20

First Internet Bancorp (INBK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,492,001
David Becker total, FY2025
17th
CEO pay percentile vs peers
16.5:1
CEO-to-median pay ratio
82.55%
Say-on-pay support, latest vote
Companies that benchmark against INBK
2 companies name INBK as a compensation peer

Each company listed discloses INBK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named INBK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Becker$848,720$0$628,001$0$0$0$15,280$1,492,001
Chairman and Chief Executive Officer
Nicole Lorch540,7500400,00400017,863958,617
President, Chief Operating Officer and Corporate Secretary
Kenneth Lovik390,0000230,82700018,528639,355
Executive Vice President and Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
David Becker$1,492,001$1,934,751$1,727,322−442,750
Nicole Lorch958,6171,203,9931,075,017−245,376
Kenneth Lovik639,355799,877713,257−160,522

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
John K. Keach, JrDirector2026-05-18A2,416$0$0CommonForm 4 ↗
Joseph A. FenechDirector2026-05-18A2,41600CommonForm 4 ↗
Justin P. ChristianDirector2026-05-18A2,41600CommonForm 4 ↗
Aasif M. BadeDirector2026-05-18A2,41600CommonForm 4 ↗
Ann Colussi DeeDirector2026-05-18A2,41600CommonForm 4 ↗
Jean L. WojtowiczDirector2026-05-18A2,41600CommonForm 4 ↗
Michele "Mel" RainesDirector2026-05-18A2,41600CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kenneth LovikRSU2025-01-01195,000$234,000
David BeckerRSU2025-01-0610,612245,644
Kenneth LovikRSU2025-01-063,90190,307
David BeckerRSU2025-01-01466,796594,104
Nicole LorchRSU2025-01-066,761156,518
Nicole LorchRSU2025-01-01297,413378,525
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kenneth Lovik$324,307$0$00.0%
David Becker839,748000.0%
Nicole Lorch535,043000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David BeckerRSU5,306$139,336
Kenneth LovikPSU5,580116,455
Nicole LorchPSU9,581199,955
Nicole LorchPSU2,05942,971
David BeckerRSU15,918368,449
Nicole LorchPSU6,761141,102
Kenneth LovikPSU5,398112,656
Nicole LorchPSU4,50894,082
David BeckerRSU42,436466,796
Kenneth LovikPSU2,48051,758
Kenneth LovikPSU2,60154,283
David BeckerRSU2,02553,176
Nicole LorchPSU9,267193,402
Kenneth LovikPSU1,19925,023
David BeckerRSU7,075245,644
Nicole LorchPSU4,25888,864
Kenneth LovikPSU3,90181,414
05

Incentive-plan design — the Compensation Discussion & Analysis

Our goal is to maintain a competitive, balanced compensation program that rewards our NEOs for current year performance and for the creation of long-term shareholder value, without exposing the Company to unreasonable risk. Accordingly, our executive compensation philosophy is grounded on three fundamental principles: Pay for Performance, Competitiveness, and Shareholder Alignment.

CEO STI target (% of salary)55%
CEO LTI target (% of salary)
Independent consultantAon plc
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-185,137,6011,085,86431,23482.55%Passed
20252025-05-195,263,2931,522,19223,49977.57%Passed
20242024-05-205,620,506317,05943,03394.66%Passed
20232023-05-155,281,6611,806,20318,32474.52%Passed
20222022-05-167,176,661318,67916,21295.54%Passed
20212021-05-174,689,7902,716,20420,31163.32%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1882.55%a
20252025-05-1977.57%b
20242024-05-2094.66%c

a. Approved under the standard stated in the filing — “Abstentions will have no effect on the outcome of any proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have no effect on the outcome of any proposal.”.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)16.5 : 1
CEO total compensation$1,492,001
Median employee compensation$90,407
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ann Colussi DeeIndependent · Audit · Nominating/Governance (Chair) · Risk$72,125$56,512$0$0$0$128,637
Joseph A. FenechIndependent · Risk (Chair) · Nominating/Governance62,00056,512000118,512
Jean L. WojtowiczIndependent · Audit (Chair) · Risk62,00056,512000118,512
Justin P. ChristianIndependent · Audit · Nominating/Governance57,87556,512000114,387
John K. Keach, JrIndependent · Lead Independent Director · Compensation (Chair) · Nominating/Governance48,00056,512000104,512
Michele "Mel" RainesIndependent · Compensation · Risk45,37556,512000101,887
Aasif M. BadeIndependent · Compensation33,75056,51200090,262
David B. BeckerEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$25,000
Annual equity retainer$56,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)33,000 / 6,250 / 19,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$381,125
Equity awards (grant-date value)$395,584
All other compensation$0
Total cost of the board$776,709

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies First Internet Bancorp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including First Internet Bancorp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Farmers & Merchants Bancorp2025Kent Steinwert$895,000$10,121,944$0$0$12,550,771
2Axos Financial Inc.2025Gregory Garrabrants700,0008,892,44302,088,67211,694,915
3Amerant Bancorp Inc.2025Gerald Plush872,0001,212,318005,883,243
4National Bank Holdings Corp.2025G. Timothy Laney930,7691,444,94601,153,2413,725,952
5Equity Bancshares, Inc.2025Brad Elliott857,995663,156281,500854,4273,073,975
6Business First Bancshares, Inc.2025David Melville, III801,500864,5060666,5822,582,764
7MetroCity Bancshares Inc.2025Nack Paek507,500995,11101,040,0002,563,611
8Third Coast Bancshares Inc.2025Bart Caraway654,231385,457002,503,561
9Brookline Bancorp Inc.2023Paul Perrault940,000657,9940423,0002,320,530
10Primis Financial Corp.2025Dennis Zember, Jr.748,590912,6000435,5782,185,079
11HarborOne Bancorp Inc.2024Joseph Casey750,000295,4930270,2401,996,521
12CrossFirst Bankshares, Inc.2023Michael Maddox712,500593,0190514,8231,924,315
13Republic Bancorp Inc.2025Logan Pichel698,174401,048197,291500,0001,819,342
14FiveStar Bancorp2025James Beckwith698,988439,9630605,3651,780,757
15Mercantile Bank Corp.2025Raymond Reitsma734,600471,2830462,7981,769,983
16Heritage Commerce Corp.2024Robertson Clay Jones660,261678,5770306,0001,694,339
17Coastal Financial Corp.2025Eric Sprink874,000375,0690382,5181,693,201
18Hingham Institute for Savings2025Robert Gaughen Jr.1,570,4220001,604,925
19Independent Bank Corp.2025William Kessel644,225446,6940391,3071,558,390
20First Internet Bancorp2025David Becker848,720628,001001,492,001
21Bridgewater Bancshares Inc.2025Jerry Baack650,000218,3720433,0001,349,932
22Bankwell Financial Group Inc.2025Christopher Gruseke700,000251,3650368,5501,336,526
23Southern First Bancshares Inc.2025R. Arthur Seaver, Jr.515,000204,608001,146,832
24CapStar Financial Holdings Inc.2022Timothy Schools525,000499,306001,033,006

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
First Internet Bancorpnot disclosedPSU 60 · RSU 40NoAon plc
Amerant Bancorp Inc.not disclosedRSU 50 · PSU 50NoAon's Human Capital Solutions
Axos Financial Inc.199%RSU 100Nonot disclosed
Bankwell Financial Group Inc.117%PSU 100Yes — total shareholder return (TSR)Pearl Meyer & Partners, LLC
Bridgewater Bancshares Inc.89%RSU 100not disclosedPearl Meyer
Brookline Bancorp Inc.60%Restricted Stock (time-based) 50 · Restricted Stock (performance-based) 50NoMeridian Compensation Partners, LLC
Business First Bancshares, Inc.123.93%RSU 50 · PSU 50NoAon's Human Capital Solutions practice (McLagan)
CapStar Financial Holdings Inc.not disclosedPSU 60 · RSU 40NoMcLagan (part of Aon plc Human Capital practice)
Coastal Financial Corp.not disclosedRSU 50NoPearl Meyer
CrossFirst Bankshares, Inc.94.68%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian
Equity Bancshares, Inc.132.1%RSU 50 · PSU 50Yes — Total Stockholder Return (TSR)Blanchard Consulting Group
Farmers & Merchants Bancorpnot disclosedRSU 100not disclosednot disclosed
FiveStar Bancorpnot disclosedPSU 50 · RSU 50NoPearl Meyer Partners, LLC
HarborOne Bancorp Inc.73%RSU 50 · PSU 50NoPearl Meyer & Partners, LLC
Heritage Commerce Corp.45%RSU 50 · PSU 50NoMeridian Compensation Partners
Hingham Institute for Savingsnot disclosednot disclosednot disclosedPearl Meyer
Independent Bank Corp.70%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to Peer GroupMeridian Compensation Partners, LLC
Mercantile Bank Corp.105.6%PSU 65 · RSU 35NoAON
MetroCity Bancshares Inc.200%RSU 100not disclosednot disclosed
National Bank Holdings Corp.124%PSU 50 · RSU 50NoPay Governance
Primis Financial Corp.116%PSU 70 · RSU 30Nothe Consultant
Republic Bancorp Inc.100%not disclosedNonot disclosed
Southern First Bancshares Inc.not disclosedRSU 100not disclosedMcLagan (Aon Company)
Third Coast Bancshares Inc.not disclosednot disclosednot disclosedHFG

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at First Internet Bancorp in fiscal 2025?
David Becker, Chairman and Chief Executive Officer, was the highest-paid executive at First Internet Bancorp in fiscal 2025 with total compensation of $1,492,001.
How does First Internet Bancorp's chief executive pay compare to its disclosed peer group?
The company reported that its CEO's pay falls at the 17th percentile of its disclosed peer group.
What is First Internet Bancorp's CEO-to-median employee pay ratio?
The filing shows a CEO-to-median employee pay ratio of 16.5:1.
How did shareholders vote on First Internet Bancorp's executive compensation?
Shareholders supported the latest executive compensation plan with 82.55% of votes cast.
How much does First Internet Bancorp spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $776,709.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David BeckerDEF 14A2026-03-270001562463-26-000031Section “Summary Compensation Table” · page 30. As printed: 1,492,001. Filing ↗machine: r2 · c33 · span 428877–428886
2Section 01, Nicole LorchDEF 14A2026-03-270001562463-26-000031Section “Summary Compensation Table” · page 30. As printed: 958,617. Filing ↗machine: r5 · c33 · span 434420–434427
3Section 01, Kenneth LovikDEF 14A2026-03-270001562463-26-000031Section “Summary Compensation Table” · page 30. As printed: 639,355. Filing ↗machine: r8 · c33 · span 440356–440363
4Section 03, Kenneth Lovik RSUDEF 14A2026-03-270001562463-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r9 · c7 · span 480069–480076
5Section 03, David Becker RSUDEF 14A2026-03-270001562463-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t68 · r2 · c2 · span 356144–356150
6Section 03, Kenneth Lovik RSUDEF 14A2026-03-270001562463-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t68 · r4 · c2 · span 358223–358228
7Section 03, David Becker RSUDEF 14A2026-03-270001562463-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r3 · c7 · span 469220–469227
8Section 03, Nicole Lorch RSUDEF 14A2026-03-270001562463-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t68 · r3 · c2 · span 357171–357176
9Section 03, Nicole Lorch RSUDEF 14A2026-03-270001562463-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r6 · c7 · span 474196–474203
10Section 07, pay ratioDEF 14A2026-03-270001562463-26-000031Section “CEO Pay Ratio”. As printed: 16.5 : 1. Filing ↗machine: span 577358–577364
11Section 08, Ann Colussi DeeDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 128,637. Filing ↗machine: t110 · r4 · c5 · span 647507–647514
12Section 08, Joseph A. FenechDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 118,512. Filing ↗machine: t110 · r5 · c5 · span 648658–648665
13Section 08, Jean L. WojtowiczDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 118,512. Filing ↗machine: t110 · r8 · c5 · span 651868–651875
14Section 08, Justin P. ChristianDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 114,387. Filing ↗machine: t110 · r3 · c5 · span 646482–646489
15Section 08, John K. Keach, JrDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 104,512. Filing ↗machine: t110 · r6 · c5 · span 649686–649693
16Section 08, Michele "Mel" RainesDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 101,887. Filing ↗machine: t110 · r7 · c5 · span 650841–650848
17Section 08, Aasif M. BadeDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 90,262. Filing ↗machine: t110 · r2 · c5 · span 645329–645335
18Section 08, David B. BeckerDEF 14A2026-03-270001562463-26-000031Section “Director Compensation”. As printed: 0. Filing ↗
19Section 02, John K. Keach, Jr 2026-05-18Form 42026-05-190001562463-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Joseph A. Fenech 2026-05-18Form 42026-05-190001562463-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Justin P. Christian 2026-05-18Form 42026-05-190001562463-26-000064Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Aasif M. Bade 2026-05-18Form 42026-05-190001562463-26-000070Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Ann Colussi Dee 2026-05-18Form 42026-05-190001562463-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Jean L. Wojtowicz 2026-05-18Form 42026-05-190001562463-26-000067Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Michele "Mel" Raines 2026-05-18Form 42026-05-190001562463-26-000066Insider equity transaction reported since the proxy statement. Filing ↗
26Section 06, 2026 voteForm 8-K2026-05-200001562463-26-000073Item 5.07 · say-on-pay result. As reported: 82.55% (votes for as printed: 5,137,601). Filing ↗
27Section 06, 2025 voteForm 8-K2025-05-220001104659-25-051985Item 5.07 · say-on-pay result. As reported: 77.57% (votes for as printed: 5,263,293). Filing ↗
28Section 06, 2024 voteForm 8-K2024-05-220001104659-24-064261Item 5.07 · say-on-pay result. As reported: 94.66% (votes for as printed: 5,620,506). Filing ↗
29Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)ComputedcomputedCash 381,125 + equity 395,584 + all other 0 = 776,709, summed across the director compensation table rows.machine: formula: Σ = 776,709
32Farmers & Merchants Bancorp, Section 10b CEO totalDEF 14A2026-04-010001140361-26-012591CEO total compensation as printed in Farmers & Merchants Bancorp's own proxy. As printed: 12,550,771. Filing ↗machine: r1 · c23 · span 311148–311158
33Axos Financial Inc., Section 10b CEO totalDEF 14A2025-09-250001299709-25-000174CEO total compensation as printed in Axos Financial Inc.'s own proxy. As printed: 11,694,915. Filing ↗machine: span 846585–846595
34Amerant Bancorp Inc., Section 10b CEO totalDEF 14A2026-04-210001734342-26-000026CEO total compensation as printed in Amerant Bancorp Inc.'s own proxy. As printed: 5,883,243. Filing ↗machine: r17 · c18 · span 2263743–2263752
35National Bank Holdings Corp., Section 10b CEO totalDEF 14A2026-04-030001475841-26-000013CEO total compensation as printed in National Bank Holdings Corp.'s own proxy. As printed: 3,725,952. Filing ↗machine: t193 · r7 · c18 · span 923534–923543
36Equity Bancshares, Inc., Section 10b CEO totalDEF 14A2026-03-120001193125-26-103215CEO total compensation as printed in Equity Bancshares, Inc.'s own proxy. As printed: 3,073,975. Filing ↗machine: t185 · r2 · c31 · span 655068–655077
37Business First Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-080001437749-26-011695CEO total compensation as printed in Business First Bancshares, Inc.'s own proxy. As printed: 2,582,764. Filing ↗machine: t162 · r8 · c22 · span 576719–576728
38MetroCity Bancshares Inc., Section 10b CEO totalDEF 14A2026-04-200001104659-26-045475CEO total compensation as printed in MetroCity Bancshares Inc.'s own proxy. As printed: 2,563,611. Filing ↗machine: t70 · r5 · c14 · span 404519–404528
39Third Coast Bancshares Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-159039CEO total compensation as printed in Third Coast Bancshares Inc.'s own proxy. As printed: 2,503,561. Filing ↗machine: r2 · c27 · span 240742–240751
40Brookline Bancorp Inc., Section 10b CEO totalDEF 14A2024-03-290001049782-24-000017CEO total compensation as printed in Brookline Bancorp Inc.'s own proxy. As printed: 2,320,530. Filing ↗machine: span 649675–649684
41Primis Financial Corp., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041860CEO total compensation as printed in Primis Financial Corp.'s own proxy. As printed: 2,185,079. Filing ↗machine: t76 · r8 · c23 · span 492432–492441
42HarborOne Bancorp Inc., Section 10b CEO totalDEF 14A2025-04-010001558370-25-004227CEO total compensation as printed in HarborOne Bancorp Inc.'s own proxy. As printed: 1,996,521. Filing ↗machine: t109 · r7 · c20 · span 1121436–1121445
43CrossFirst Bankshares, Inc., Section 10b CEO totalDEF 14A2024-03-260001558370-24-003893CEO total compensation as printed in CrossFirst Bankshares, Inc.'s own proxy. As printed: 1,924,315. Filing ↗machine: t121 · r6 · c16 · span 932186–932195
44Republic Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027241CEO total compensation as printed in Republic Bancorp Inc.'s own proxy. As printed: 1,819,342. Filing ↗machine: t262 · r15 · c18 · span 1699364–1699373
45FiveStar Bancorp, Section 10b CEO totalDEF 14A2026-03-300001628280-26-022075CEO total compensation as printed in FiveStar Bancorp's own proxy. As printed: 1,780,757. Filing ↗machine: span 236440–236449
46Mercantile Bank Corp., Section 10b CEO totalDEF 14A2026-04-020001437749-26-010964CEO total compensation as printed in Mercantile Bank Corp.'s own proxy. As printed: 1,769,983. Filing ↗machine: t42 · r1 · c20 · span 302151–302160
47Heritage Commerce Corp., Section 10b CEO totalDEF 14A2025-04-070001104659-25-032651CEO total compensation as printed in Heritage Commerce Corp.'s own proxy. As printed: 1,694,339. Filing ↗machine: span 912788–912797
48Coastal Financial Corp., Section 10b CEO totalDEF 14A2026-04-130001437958-26-000023CEO total compensation as printed in Coastal Financial Corp.'s own proxy. As printed: 1,693,201. Filing ↗machine: t61 · r2 · c21 · span 467985–467994
49Hingham Institute for Savings, Section 10b CEO totalDEF 14A2026-03-04CEO total compensation as printed in Hingham Institute for Savings's own proxy. As printed: 1,604,925. Filing ↗
50Independent Bank Corp., Section 10b CEO totalDEF 14A2026-03-060000039311-26-000011CEO total compensation as printed in Independent Bank Corp.'s own proxy. As printed: 1,558,390. Filing ↗machine: t19 · r2 · c12 · span 361242–361252
51First Internet Bancorp (subject), Section 10b CEO totalDEF 14A2026-03-270001562463-26-000031CEO total compensation as printed in First Internet Bancorp's own proxy. As printed: 1,492,001. Filing ↗machine: r2 · c33 · span 428877–428886
52Bridgewater Bancshares Inc., Section 10b CEO totalDEF 14A2026-03-160001104659-26-028272CEO total compensation as printed in Bridgewater Bancshares Inc.'s own proxy. As printed: 1,349,932. Filing ↗machine: t135 · r6 · c22 · span 897478–897487
53Bankwell Financial Group Inc., Section 10b CEO totalDEF 14A2026-04-070001505732-26-000064CEO total compensation as printed in Bankwell Financial Group Inc.'s own proxy. As printed: 1,336,526. Filing ↗machine: r2 · c21 · span 357480–357489
54Southern First Bancshares Inc., Section 10b CEO totalDEF 14A2026-04-060001206774-26-000194CEO total compensation as printed in Southern First Bancshares Inc.'s own proxy. As printed: 1,146,832. Filing ↗machine: t89 · r1 · c9 · span 443118–443127
55CapStar Financial Holdings Inc., Section 10b CEO totalDEF 14A2023-03-100000950170-23-007125CEO total compensation as printed in CapStar Financial Holdings Inc.'s own proxy. As printed: 1,033,006. Filing ↗machine: span 874620–874629
56Section 10a, Bridgewater Bancshares Inc. reciprocityDEF 14A0001104659-26-028272Bridgewater Bancshares Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
57Section 10a, CapStar Financial Holdings Inc. reciprocityDEF 14A0000950170-23-007125CapStar Financial Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
58Section 10a, Axos Financial Inc. reciprocityDEF 14A0001299709-25-000174Axos Financial Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
59Section 10a, Republic Bancorp Inc. reciprocityDEF 14A0001104659-26-027241Republic Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
60Section 10a, Mercantile Bank Corp. reciprocityDEF 14A0001437749-26-010964Mercantile Bank Corp.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
61Section 10a, Farmers & Merchants Bancorp reciprocityDEF 14A0001140361-26-012591Farmers & Merchants Bancorp's most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
62Section 10a, Amerant Bancorp Inc. reciprocityDEF 14A0001734342-26-000026Amerant Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
63Section 10a, Business First Bancshares, Inc. reciprocityDEF 14A0001437749-26-011695Business First Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
64Section 10a, Southern First Bancshares Inc. reciprocityDEF 14A0001206774-25-000204Southern First Bancshares Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
65Section 10a, Equity Bancshares, Inc. reciprocityDEF 14A0001193125-26-103215Equity Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
66Section 10a, HarborOne Bancorp Inc. reciprocityDEF 14A0001558370-25-004227HarborOne Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
67Section 10a, Coastal Financial Corp. reciprocityDEF 14A0001437958-26-000023Coastal Financial Corp.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
68Section 10a, Primis Financial Corp. reciprocityDEF 14A0001104659-26-041860Primis Financial Corp.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
69Section 10a, National Bank Holdings Corp. reciprocityDEF 14A0001475841-26-000013National Bank Holdings Corp.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
70Section 10a, Independent Bank Corp. reciprocityDEF 14A0000039311-26-000011Independent Bank Corp.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
71Section 10a, Brookline Bancorp Inc. reciprocityDEF 14A0001049782-24-000017Brookline Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
72Section 10a, Heritage Commerce Corp. reciprocityDEF 14A0001104659-25-032651Heritage Commerce Corp.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗
73Section 10a, Bankwell Financial Group Inc. reciprocityDEF 14A0001505732-26-000064Bankwell Financial Group Inc.'s most recent proxy was read; its disclosed peer group does not include First Internet Bancorp. Filing ↗