First Interstate (NASDAQ: FIBK) CRO reports direct and 401k share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
FIRST INTERSTATE BANCSYSTEM INC disclosed the initial share holdings of Chief Risk Officer Jolyn M. Kanning. The filing shows indirect ownership of 784 shares of common stock held through a 401(k) plan and direct ownership of 11,638 common shares. A footnote notes 3,305 unvested time-based restricted stock units, each convertible into one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kanning Jolyn M.
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,638 shares (Direct, null);
Common Stock — 784 shares (Indirect, 401k)
Footnotes (1)
- [object Object]
Key Figures
Direct common shares: 11,638 shares
Indirect 401(k) shares: 784 shares
Unvested RSUs: 3,305 units
3 metrics
Direct common shares
11,638 shares
Direct ownership reported by Chief Risk Officer Jolyn M. Kanning
Indirect 401(k) shares
784 shares
Indirect ownership through 401(k) plan
Unvested RSUs
3,305 units
Time-based restricted stock units, each for one common share upon vesting
Key Terms
restricted stock units, time-based, 401k
3 terms
restricted stock units financial
"Includes 3,305 unvested time-based restricted stock units, each entitling the holder"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based financial
"Includes 3,305 unvested time-based restricted stock units, each entitling"
401k financial
"indirect ownership of 784 shares of common stock held through a 401(k) plan"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
What does the Form 3 filing by FIBK Chief Risk Officer disclose?
The Form 3 for FIRST INTERSTATE BANCSYSTEM INC (FIBK) discloses Chief Risk Officer Jolyn M. Kanning’s initial ownership. It reports direct and indirect common stock holdings plus unvested restricted stock units that may convert into shares when they vest.
What indirect FIRST INTERSTATE BANCSYSTEM INC (FIBK) holdings are reported for Jolyn Kanning?
The filing shows Kanning has 784 shares of FIRST INTERSTATE BANCSYSTEM INC common stock held indirectly through a 401(k) plan. This reflects retirement-plan ownership rather than shares held in a regular brokerage account.
What restricted stock units does Jolyn Kanning have at FIRST INTERSTATE BANCSYSTEM INC (FIBK)?
A footnote states Kanning holds 3,305 unvested time-based restricted stock units. Each unit entitles her to receive one share of FIRST INTERSTATE BANCSYSTEM INC common stock once the vesting conditions are satisfied.