FIRST INTERSTATE BANCSYSTEM (NASDAQ: FIBK) director receives 2,247 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cho Alice S reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC director Alice S. Cho received an equity award of 2,247 shares of Common Stock in the form of restricted stock units. These units were granted at no cash cost to her as part of compensation.
The restricted stock units are issued under the company’s 2023 Equity and Incentive Plan and are scheduled to vest on June 1, 2027, if she continues serving the company through that date or until the next annual shareholder meeting, whichever comes first. Following this grant, she holds 15,792 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cho Alice S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,792 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,247 shares
Vesting date: June 1, 2027
Shares held after grant: 15,792 shares
+1 more
4 metrics
RSU grant size
2,247 shares
Restricted stock units granted as of June 1, 2026
Vesting date
June 1, 2027
Scheduled vesting for restricted stock units
Shares held after grant
15,792 shares
Total Common Stock directly owned after transaction
Grant price per share
$0.00 per share
Compensation grant with no cash paid by director
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, continuous service
3 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"
continuous service financial
"subject to the reporting person's provision of continuous service to the Registrant"
FAQ
What did Alice S. Cho report in this Form 4 for FIBK?
Alice S. Cho reported receiving an award of 2,247 restricted stock units of FIRST INTERSTATE BANCSYSTEM INC Common Stock. The units were granted as compensation and increase her direct holdings to 15,792 shares after the transaction.
Is the Alice S. Cho Form 4 transaction for FIBK a market buy or sell?
The Form 4 does not show a market buy or sell. It reports an acquisition coded as a grant or award, meaning Cho received 2,247 restricted stock units as compensation rather than purchasing or selling shares in the open market.
When do Alice S. Cho’s 2,247 restricted stock units in FIBK vest?
The 2,247 restricted stock units are scheduled to vest on June 1, 2027. Vesting depends on her providing continuous service to FIRST INTERSTATE BANCSYSTEM INC through that date or until the company’s next annual shareholder meeting, whichever occurs earlier.
Under what plan were the FIBK restricted stock units granted to Alice S. Cho?
The restricted stock units were granted under FIRST INTERSTATE BANCSYSTEM INC’s 2023 Equity and Incentive Plan. This plan provides equity-based compensation, such as restricted stock units, to eligible participants including directors like Alice S. Cho.