First Interstate BancSystem (FIBK) awards 2,247 RSUs to General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST INTERSTATE BANCSYSTEM INC General Counsel Kirk D. Jensen reported receiving an equity award tied to company stock. He was granted 2,247 shares of Common Stock as a compensation-related award, at a price of $0.00 per share, classified as a grant or award acquisition.
According to the footnote, these shares are issuable upon vesting of restricted stock units granted under the 2023 Equity and Incentive Plan and will vest on June 1, 2029, subject to his continued employment through that date. After this grant, Jensen directly holds 34,978 shares of Common Stock, indicating this is a routine, non-market compensation award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jensen Kirk D
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,978 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 2,247 shares
Grant price: $0.00 per share
Post-transaction holdings: 34,978 shares
+1 more
4 metrics
Equity award size
2,247 shares
Grant of Common Stock as award acquisition
Grant price
$0.00 per share
Compensation-related grant, not open-market purchase
Post-transaction holdings
34,978 shares
Total Common Stock directly held after grant
Vesting date
June 1, 2029
RSUs vest subject to continued employment
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, vests, grant, award, or other acquisition
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"
vests financial
"The restricted stock units vests on June 1, 2029, subject to the reporting person's continued employment"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did FIBK General Counsel Kirk D. Jensen report in this Form 4?
Kirk D. Jensen reported receiving an equity award linked to FIRST INTERSTATE BANCSYSTEM INC common stock. The filing shows a grant of restricted stock units that will convert into shares upon vesting, reflecting routine compensation rather than an open-market stock purchase or sale.
When do Kirk D. Jensen’s FIBK restricted stock units vest?
The restricted stock units are scheduled to vest on June 1, 2029. Vesting is conditioned on Jensen’s continued employment with FIRST INTERSTATE BANCSYSTEM INC through that vesting date, as described in the footnote to the Form 4 filing.
What plan governs the FIBK equity award granted to Kirk D. Jensen?
The award was granted under FIRST INTERSTATE BANCSYSTEM INC’s 2023 Equity and Incentive Plan. The footnote explains that the reported shares are issuable upon vesting of restricted stock units granted pursuant to this plan, reflecting a standard long-term incentive structure.
Is this FIBK Form 4 transaction an open-market trade or a compensation grant?
The Form 4 classifies the transaction with code A, indicating a grant, award, or other acquisition. Together with the footnote describing restricted stock units, this shows it is a compensation-related grant, not an open-market purchase or sale of FIBK shares.