STOCK TITAN

First Interstate (FIBK) risk chief awarded 2,247 RSUs vesting in 2029

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
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
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.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kanning Jolyn M.

(Last)(First)(Middle)
P.O. BOX 30918

(Street)
BILLINGS MONTANA 59101

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FIRST INTERSTATE BANCSYSTEM INC [ FIBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Risk Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A2,247(1)A$013,885D
Common Stock784I401k
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares issuable upon vesting of restricted stock units granted to the reporting person pursuant to the Registrant's 2023 Equity and Incentive Plan. The restricted stock units vests on June 1, 2029, subject to the reporting person's continued employment through the vesting date.
Remarks:
/s/ Kirk D. Jensen, Attorney-in-Fact for Reporting Person06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many FIBK shares did Jolyn Kanning acquire in this transaction?

She acquired 2,247 shares of Common Stock with a reported price of $0.0000 per share. The transaction is classified as a grant or award acquisition rather than an open-market purchase, reflecting stock-based compensation rather than a cash investment.

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.

What are Jolyn Kanning’s FIBK share holdings after this Form 4?

After the reported grant, she directly holds 13,885 shares of Common Stock. The filing also discloses 784 shares of Common Stock held indirectly through a 401(k) account, providing a view of both direct and retirement-related holdings.

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.