First Interstate (FIBK) risk chief awarded 2,247 RSUs vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST INTERSTATE BANCSYSTEM INC Chief Risk Officer Jolyn M. Kanning received a stock-based compensation award. She was granted 2,247 shares of Common Stock at a price of $0.0000 per share as a grant or award acquisition, increasing her direct holdings to 13,885 shares of Common Stock.
According to the footnote, these 2,247 shares are issuable upon vesting of restricted stock units granted under the company’s 2023 Equity and Incentive Plan. The restricted stock units vest on June 1, 2029, subject to her continued employment through that vesting date. The filing also shows 784 shares of Common Stock held indirectly through a 401(k) account.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,885 shares (Direct, null);
Common Stock — 784 shares (Indirect, 401k)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,247 shares
Grant price: $0.0000 per share
Direct holdings after grant: 13,885 shares
+2 more
5 metrics
RSU grant size
2,247 shares
Restricted stock units granted as Common Stock award
Grant price
$0.0000 per share
Reported transaction price per share for the grant
Direct holdings after grant
13,885 shares
Common Stock directly held following the award
Indirect 401(k) holdings
784 shares
Common Stock held indirectly through a 401(k) account
Vesting date
June 1, 2029
RSUs vest subject to continued employment through this date
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, vesting, 401k
4 terms
restricted stock units financial
"Shares issuable upon vesting of restricted stock units granted to the reporting person"
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.
2023 Equity and Incentive Plan financial
"granted to the reporting person pursuant to the Registrant's 2023 Equity and Incentive Plan"
vesting financial
"The restricted stock units vests on June 1, 2029, subject to the reporting person's continued employment"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
401k financial
"direct_or_indirect: I, nature_of_ownership: 401k"
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 did FIBK Chief Risk Officer Jolyn Kanning report in this Form 4?
Jolyn M. Kanning reported receiving 2,247 shares of Common Stock as a grant or award. These shares relate to restricted stock units granted under First Interstate BancSystem’s 2023 Equity and Incentive Plan and are part of her equity-based compensation package.
When do Jolyn Kanning’s FIBK restricted stock units vest?
The restricted stock units vest on June 1, 2029, subject to her continued employment through that date. Only upon vesting will the shares be issuable to her, aligning the award with long-term service at First Interstate BancSystem.
Is Jolyn Kanning’s FIBK Form 4 transaction a market purchase or sale?
The transaction is not a market purchase or sale; it is coded as an acquisition via grant or award. She received 2,247 shares as restricted stock units under the 2023 Equity and Incentive Plan, with no open-market buying or selling reported.