In 2023, Nicole S. Lorch earned $830.73K in total compensation at First Internet Bancorp , including $500.00K salary, $175.00K bonus and $144.53K in stock. Most recently acquired 44,709 shares in Jan 2024. Currently holds stock worth $1.55M. 4+ years at the helm of First Internet Bancorp .
Compensation History
Annual executive compensation data for Nicole S. Lorch, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$830.73K
Salary
$500.00K
Bonus
$175.00K
Other
$11.20K
Salary
$500.00KBoard Justification
The compensation philosophy is designed to attract, motivate, and retain highly qualified leaders, aligning executive pay with the creation of shareholder value.
Bonus
$175.00KBoard Justification
The Annual Bonus Plan criteria for 2023 provided an opportunity for each participant to earn an annual cash bonus based on the Company’s achievement of budgeted goals for net income, net interest income, ratio of nonperforming assets to total assets and Texas Ratio.
Other Compensation
$11.20KBoard Justification
Other compensation includes life insurance premiums and matching contributions under the 401(k) Plan.
Restricted Stock
Board Justification
The vested stock includes time-based restricted stock units (TRSUs) that vested in 2023, with a total of 6,936 shares vested during the year.
Performance Metrics
The performance metrics for determining the compensation included net income, net interest income, ratio of nonperforming assets to total assets, and Texas Ratio.
Nicole S. Lorch
CEO of First Internet Bancorp
Education
Bachelor's Degree in Marketing from the University of Michigan
Field of Expertise
Sales & Marketing - Marketing
Sector of Economy
Financial Services
Born
January 1, 1974 - 51 years ago
CEO of First Internet Bancorp for
4 years 5 months (Jun 2021 - Present)
Previous Experience
Executive Vice President and Chief Operating Officer of First Internet Bancorp
Other First Internet Bancorp CEOs
Holdings
Track Nicole S. Lorch's stock holdings and portfolio value over time.
Insider Trading
Nicole S. Lorch's recent stock transactions, purchases, and sales filed with the SEC.
Rivals
Compare Nicole S. Lorch with competitor CEOs and industry peers.
Timothy S. Crane
CEO of Wintrust Financial
2023 Compensation
Stock
$276.30K
Salary
$1.00M
Bonus
$1.14M
Other
$33.85K
Total Holdings
$10.29M
C. Malcolm Holland, III
Founder and CEO of Veritex Holdings
2023 Compensation
Stock
$0.00
Salary
$800.00K
Bonus
$320.00K
Other
$332.37K
Total Holdings
$70.59M
Chang M. Liu
CEO of Cathay General Bancorp
2023 Compensation
Stock
$5.13M
Salary
$920.00K
Bonus
$784.60K
Other
$16.50K
Total Holdings
$17.71M
Dominic Ng
CEO of East-West Bancorp
2023 Compensation
Stock
$4.75M
Salary
$1.28M
Bonus
$2.22M
Other
$119.74K
Total Holdings
$541.61K