First Interstate (FIBK) director receives 2,247 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agrawal Renu reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC director equity grant: Director Renu Agrawal received an award of 2,247 shares of Common Stock in the form of restricted stock units under the company’s 2023 Equity and Incentive Plan. These units vest on June 1, 2027, subject to her continuous service or the date of the next annual shareholder meeting, whichever is earlier. After this grant, she holds 4,074 shares directly. This is a compensation-related equity award, not an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Agrawal Renu
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,074 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,247 shares
Transaction price per share: $0.0000 per share
Shares held after transaction: 4,074 shares
+1 more
4 metrics
RSU grant size
2,247 shares
Restricted stock units awarded to director on June 1, 2026
Transaction price per share
$0.0000 per share
Equity compensation grant, not an open-market purchase
Shares held after transaction
4,074 shares
Director’s direct holdings following the RSU award
Vesting date
June 1, 2027
RSUs vest on this date or the next annual shareholder meeting date
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 FIRST INTERSTATE BANCSYSTEM INC (FIBK) director Renu Agrawal report on this Form 4?
Director Renu Agrawal reported an equity award of 2,247 shares of Common Stock in the form of restricted stock units. The award was granted under the company’s 2023 Equity and Incentive Plan as part of her director compensation.
When do Renu Agrawal’s restricted stock units in FIRST INTERSTATE BANCSYSTEM INC vest?
The restricted stock units vest on June 1, 2027, if she continues to serve the company. Vesting can also occur earlier on the date of the company’s next annual shareholder meeting, according to the award’s terms.
What conditions apply to the FIBK restricted stock units granted to Renu Agrawal?
The units vest only if she provides continuous service to FIRST INTERSTATE BANCSYSTEM INC through the vesting date. Vesting is tied to the earlier of June 1, 2027, or the date of the company’s next annual shareholder meeting.
Was there any purchase price paid for the 2,247 FIBK restricted stock units granted to Renu Agrawal?
No, the transaction price per share is reported as 0.0000, indicating a compensation grant. This means the restricted stock units were awarded to her as part of her role, rather than acquired through an open-market purchase.