First Interstate BancSystem (FIBK) director awarded 2,247 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scott Jeremy reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC director and ten percent owner Jeremy Scott reported an equity grant of 2,247 shares of Common Stock at a price of $0.00 per share. These shares are issuable upon vesting of restricted stock units under the 2023 Equity and Incentive Plan.
The restricted stock units vest on June 1, 2027, subject to Scott’s continuous service through the earlier of that vesting date or the company’s next annual shareholder meeting. After this grant, Scott holds 5,743 shares directly and 3,512,449 shares indirectly through affiliated entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Scott Jeremy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,743 shares (Direct, null);
Common Stock — 3,512,449 shares (Indirect, see footnote)
Footnotes (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 vest on June 1, 2027, subject to the reporting person's provision of continuous service to the Registrant through the earlier of the applicable vesting date or the date of the Registrant's next annual shareholder meeting. Composed of 3,416,108 shares held of record by NBar 5 Limited Partnership, 236,808 shares held of record by NBAR5 O Limited Partnership, 25,119 shares held of record by Jeremy Scott TTEE, Jeremy Scott Revocable Trust Dtd 6/25/15 ("Jeremy Scott Revocable Trust"), 68,942 shares held of record by Jeremy Scott Trustee, 2025 Grantor Retained Annuity Irrevocable Trust, and 3,380 shares held of record by Jeremy Scott's spouse. As a result of certain agreements entered into by and among the reporting persons, the Issuer, and certain other stockholders of the Issuer, the reporting persons may be deemed members of a group with the other signatories thereto and may be deemed to share beneficial ownership of the securities reported herein. Each of the reporting persons disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein. The reporting persons expect to file future Forms 4 and 5, if any, together with Jeremy Scott with the indication of direct or indirect ownership in Tables I and II being made from Jeremy Scott's perspective unless expressly noted otherwise by footnote. The nature of beneficial ownership is described in detail by footnote for all reporting persons.
Key Figures
Equity award: 2,247 shares
Direct holdings after grant: 5,743 shares
Indirect holdings: 3,512,449 shares
+2 more
5 metrics
Equity award
2,247 shares
Grant of Common Stock at $0.00 per share
Direct holdings after grant
5,743 shares
Common Stock directly owned following reported transaction
Indirect holdings
3,512,449 shares
Common Stock indirectly owned through affiliated entities
Vesting date
June 1, 2027
Restricted stock units vesting condition date
Transaction code
A
Grant, award, or other acquisition of Common Stock
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, Grant, award, or other acquisition, ten percent owner, +1 more
5 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
"restricted stock units granted to the reporting person pursuant to the Registrant's 2023 Equity and Incentive Plan"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
ten percent owner financial
"reporting person is indicated as a director and ten percent owner"
indirect ownership financial
"ownership_type: indirect, with nature of ownership described in footnotes"
FAQ
What insider transaction did Jeremy Scott report for FIBK?
Jeremy Scott reported receiving an equity award of 2,247 shares of Common Stock in FIRST INTERSTATE BANCSYSTEM INC. The grant is recorded at $0.00 per share as a compensation-related award rather than an open-market purchase or sale.
When do Jeremy Scott’s new restricted stock units in FIBK vest?
The restricted stock units vest on June 1, 2027. Vesting is conditional on Scott providing continuous service to FIRST INTERSTATE BANCSYSTEM INC through the earlier of that vesting date or the company’s next annual shareholder meeting, according to the filing footnote.
Was Jeremy Scott’s FIBK transaction an open-market buy or sell?
The transaction was not an open-market trade; it was a grant or award coded as "A" on the Form 4. Scott acquired 2,247 shares at $0.00 per share as part of his compensation through restricted stock units.