First Internet Bancorp (INBK) executive compensation, 2026 proxy

David B. Becker, Chairman and CEO, was paid $1.5M in 2025, down 23% from $1.9M the year before. The CEO-to-median-employee pay ratio was 17:1, on median employee pay of $90,407.

Filed
March 27, 2026
Annual meeting
May 18, 2026
Pay year
2025
Named executives
3
CEO total pay
$1.5M-23% vs prior year
CEO to median employee
17:1median $90,407
CEO pay in equity
42%$628,001 in awards
Prior say-on-pay support
78%of votes cast
CEO total compensation
$1,492,001Decreased from prior year
CEO pay ratio
16.5:1Based on median employee pay of $90,407
Say-on-pay support
78%Support received at 2025 annual meeting
Net income
$(35,168)In thousands for 2025

How Becker was paid

$1.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary57%Stock awards42%All other compensation1%

Named executive officers

ExecutiveTotal
David B. BeckerChairman and CEO$1,492,001
Nicole S. LorchPresident, COO and Corporate Secretary$958,617
Kenneth J. LovikExecutive Vice President and CFO$639,355

What changed and why

  • $1.5MCEO total compensation decreased to $1,492,001 in 2025 from $1,934,751 in 2024.
  • Named Executive Officers received no annual cash bonus for 2025 due to strategic balance sheet repositioning and loan sales.
  • Named Executive Officers forfeited all performance-based restricted stock units otherwise scheduled to vest based on 2023-2025 performance metrics.
  • $851MThe company sold approximately $851 million of lower-coupon, fixed rate single tenant lease financing loans in the fall of 2025.
  • The CEO to median employee pay ratio was calculated at 16.5 to 1 for the 2025 fiscal year.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.