First Interstate (FIBK) awards 3,843 restricted stock units to CRO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jones Nathan R reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC disclosed that Chief Risk Officer Nathan R. Jones received a grant of 3,843 shares of Common Stock, effectively tied to restricted stock units valued at $33.13 per share. This is a compensation-related award, not an open-market purchase.
According to the footnote, these restricted stock units were granted under the company’s 2023 Equity and Incentive Plan and will vest in three equal annual installments beginning on March 15, 2027, subject to Jones’s continued employment through each vesting date. Following this award, he holds 3,843 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Nathan R
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,843 | $33.13 | $127K |
Holdings After Transaction:
Common Stock — 3,843 shares (Direct)
Footnotes (1)
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FAQ
What did FIRST INTERSTATE BANCSYSTEM (FIBK) disclose in this Form 4?
FIRST INTERSTATE BANCSYSTEM reported a compensation-related equity grant to Chief Risk Officer Nathan R. Jones. He received 3,843 restricted stock units linked to Common Stock at $33.13 per share under the 2023 Equity and Incentive Plan.
Is the FIBK insider transaction a market purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. The Form 4 classifies it as a grant or award acquisition of 3,843 restricted stock units under the company’s 2023 Equity and Incentive Plan.
When do Nathan R. Jones’s FIBK restricted stock units vest?
The 3,843 restricted stock units vest in three equal annual installments. Vesting begins on March 15, 2027, and each installment requires Nathan R. Jones to remain employed through the applicable vesting date.
What equity plan governs the FIBK grant to the Chief Risk Officer?
The grant to Chief Risk Officer Nathan R. Jones was made under FIRST INTERSTATE BANCSYSTEM’s 2023 Equity and Incentive Plan. The award consists of restricted stock units that convert into shares as they vest over three years.