First Interstate (FIBK) director receives 2,247-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson Dennis L reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC director Dennis L. Johnson received an equity award covering 2,247 shares of common stock. The award is in the form of restricted stock units granted under the company’s 2023 Equity and Incentive Plan at a grant price of $0.00 per share.
The restricted stock units are scheduled to vest on June 1, 2027, if Johnson continues to serve the company, or earlier if the company’s next annual shareholder meeting occurs before that date. After this grant, he directly holds 19,455 shares of common stock, highlighting a modest, compensation-related increase in his ownership rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Dennis L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,455 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,247 shares
Grant price per share: $0.00 per share
Shares after transaction: 19,455 shares
+3 more
6 metrics
RSU grant size
2,247 shares
Restricted stock units granted on June 1, 2026
Grant price per share
$0.00 per share
Equity award under 2023 Equity and Incentive Plan
Shares after transaction
19,455 shares
Direct common stock holdings following grant
Transaction type
Grant, award, or other acquisition (Code A)
Non-derivative common stock entry
Vesting date
June 1, 2027
RSUs vest subject to continuous service or earlier annual meeting
Acquire transactions
1 transaction
Form 4 transaction summary acquireCount
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, continuous service, annual shareholder meeting
4 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 FIBK director Dennis L. Johnson report in this Form 4?
Dennis L. Johnson reported receiving an equity award covering 2,247 shares of FIRST INTERSTATE BANCSYSTEM INC common stock. The award is structured as restricted stock units granted at $0.00 per share under the 2023 Equity and Incentive Plan, reflecting stock-based compensation rather than an open-market purchase.
When do Dennis L. Johnson’s restricted stock units in FIBK vest?
The restricted stock units are scheduled to vest on June 1, 2027, subject to continuous service. Vesting can occur earlier if FIRST INTERSTATE BANCSYSTEM INC holds its next annual shareholder meeting before that date, tying the award’s realization to Johnson’s ongoing board service.
What conditions apply to Dennis L. Johnson’s FIBK restricted stock units?
The units vest only if Dennis L. Johnson provides continuous service to FIRST INTERSTATE BANCSYSTEM INC until June 1, 2027, or until the next annual shareholder meeting, if earlier. This structure encourages continued service by linking the equity compensation directly to tenure on the board.