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David B. Becker is the CEO of First Internet Bancorp, a role he has held since 2007 after founding the company in 1998. With a Bachelor's Degree in Business Administration from the University of Michigan, Becker has over four decades...

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David B. Becker

Ex-CEO of First Internet Bancorp

Education

Bachelor's Degree in Business Administration from the University of Michigan

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

May 1, 1965 - 60 years ago

CEO of First Internet Bancorp for

5 years 8 months (Oct 2015 - Jun 2021)

Previous Experience

Chairman, President and Chief Executive Officer of First Internet Bancorp

Holdings

See how much did David B. Becker make over time.

David B. Becker's holdings have seen notable fluctuations indicative of his direct involvement in First Internet Bancorp. Initially, in September 2019, his holdings were valued at approximately $5.98 million and steadily rose, peaking at about $18.38 million in January 2022....

Mar 17, 2025

Charitable Transactions

INBK

75,000 shares

INBK

Recent Charitable Transactions

INBK

15,000 shares

INBK

Dec 18, 2023

Charity

INBK

50,000 shares

INBK

Jan 6, 2023

Charity

INBK

10,000 shares

INBK

Dec 31, 2017

Charity

Insider Trading

See recent insider trades of David B. Becker.

INBK

10,219 shares

INBK

Jan 2, 2024

Received

INBK

15,000 shares

INBK

Dec 18, 2023

Charity

INBK

$50.25K

INBK at $10.05/share

May 12, 2023

Purchase

INBK

15,033 shares

INBK

Mar 20, 2023

Received

INBK

$93.60K

INBK at $18.72/share

Mar 16, 2023

Purchase

INBK

9,885 shares

INBK

Jan 6, 2023

Received

INBK

50,000 shares

INBK

Jan 6, 2023

Charity

INBK

$236.00K

INBK at $23.60/share

Oct 24, 2022

Purchase

INBK

$1.09M

INBK at $36.42/share

May 3, 2022

Purchase

INBK

5,102 shares

INBK

Mar 17, 2022

Received

Compensation History

See how much did David B. Becker make over time.

In 2021, David B. Becker's total compensation was around $1.27 million. His salary was $800,000, with a bonus of $458,000 tied to performance goals. The structure of his compensation is heavily performance-based, which means it directly correlates with how well the bank does financially. This aligns his interests with those of shareholders, pushing for growth and efficiency. While his cash compensation and bonuses have varied over the years, it remained consistent that a large percentage of his earnings depended on achieving specific targets, including net income and asset growth. This approach not only incentivizes performance but also encourages a long-term perspective on managing the company, which is important in the banking industry.

Year

2021

Total Compensation

$1.28M

Salary

$800.00K

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value, focusing on both short-term and long-term performance metrics.

Bonus

$458.00K

Board Justification

The bonus is based on the achievement of performance targets established under the Short-Term Incentive Plan (STIP) for 2021, with a payout of 57% of his annual base salary.

Other

$17.01K

Board Justification

Other compensation includes life insurance premiums and matching contributions under the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2021 as the focus is on cash compensation and performance-based bonuses for this year.

Performance Metrics

The performance metrics for the 2021 compensation included targets for net income, net interest income, asset growth rate, and nonperforming assets ratio.

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