FIRST INTERSTATE (NASDAQ: FIBK) CIO awarded 3,012 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meyer Lori reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC EVP and Chief Information Officer Lori Meyer received an equity award of 3,012 shares of Common Stock on March 15, 2026. The award is in the form of restricted stock units granted at a reference price of $33.13 per share.
According to the footnote, these restricted stock units will vest in three equal annual installments beginning on March 15, 2027, subject to her continued employment through each vesting date. After this grant, she directly holds 15,820 shares of Common Stock and indirectly holds 1,232 shares through a 401(k) plan, reflecting a routine compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Meyer Lori
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,012 | $33.13 | $100K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,820 shares (Direct);
Common Stock — 1,232 shares (Indirect, 401k)
Footnotes (1)
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FAQ
What did FIRST INTERSTATE BANCSYSTEM (FIBK) executive Lori Meyer report on this Form 4?
Lori Meyer reported receiving 3,012 restricted stock units tied to Common Stock as a compensation grant. The units were valued at $33.13 per share and are scheduled to vest over three years, starting in March 2027, subject to continued employment.
Is Lori Meyer’s Form 4 transaction in FIBK stock an open-market buy or a compensation grant?
The Form 4 reflects a compensation-related grant, not an open-market purchase. Meyer received 3,012 restricted stock units under the company’s 2023 Equity and Incentive Plan, with vesting in three equal annual installments, contingent on continued employment.
How and when do Lori Meyer’s 3,012 FIBK restricted stock units vest?
The 3,012 restricted stock units vest in three equal annual installments beginning March 15, 2027. Each installment requires Lori Meyer to remain employed through the applicable vesting date, aligning the award with long-term service at the company.
Under which plan were Lori Meyer’s FIBK restricted stock units granted?
The restricted stock units were granted under FIRST INTERSTATE BANCSYSTEM’s 2023 Equity and Incentive Plan. This plan is used to deliver equity-based compensation, with vesting tied to ongoing employment, supporting long-term alignment between executives and shareholders.