First Interstate (NASDAQ: FIBK) COO awarded 4,044-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robbins Kristina reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC EVP and Chief Operations Officer Kristina Robbins received an equity award representing 4,044 shares of Common Stock as compensation. The award consists of restricted stock units granted under the company’s 2023 Equity and Incentive Plan at a reference price of $33.13 per share.
The restricted stock units vest in three equal annual installments beginning on March 15, 2027, conditioned on her continued employment through each vesting date. Following this grant, Robbins is reported as beneficially owning 20,128 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robbins Kristina
Role
EVP, Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,044 | $33.13 | $134K |
Holdings After Transaction:
Common Stock — 20,128 shares (Direct)
Footnotes (1)
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FAQ
What did FIBK EVP Kristina Robbins report in this Form 4 filing?
Kristina Robbins reported receiving an equity award representing 4,044 shares of Common Stock. The award is in the form of restricted stock units granted under First Interstate BancSystem’s 2023 Equity and Incentive Plan at a reference price of $33.13 per share.
Is the FIBK Form 4 transaction a purchase or a compensation grant?
The transaction is a compensation-related grant, not an open-market purchase. Robbins received restricted stock units as a grant or award under the company’s 2023 Equity and Incentive Plan, classified as an acquisition with transaction code A in the Form 4.
When do Kristina Robbins’ FIBK restricted stock units vest?
The restricted stock units vest in three equal annual installments beginning on March 15, 2027. Each installment is subject to Robbins’ continued employment with First Interstate BancSystem through the applicable vesting date, as disclosed in the Form 4 footnote.
Under which plan were the FIBK restricted stock units granted to Kristina Robbins?
The restricted stock units were granted under First Interstate BancSystem’s 2023 Equity and Incentive Plan. This plan provides equity-based compensation, and the units granted to Robbins will vest in three equal annual installments starting March 15, 2027, subject to continued employment.