FIRST INTERSTATE BANCSYSTEM (FIBK) CFO awarded 6,279 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Della Camera David reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC reported that Chief Financial Officer David Della Camera received a grant of 6,279 shares of common stock valued at $33.13 per share. Following this equity award, he holds 27,985 shares directly.
The shares are issuable upon vesting of restricted stock units granted under the company’s 2023 Equity and Incentive Plan. These units vest in three equal annual installments beginning on March 15, 2027, and each vesting date requires his continued employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Della Camera David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,279 | $33.13 | $208K |
Holdings After Transaction:
Common Stock — 27,985 shares (Direct)
Footnotes (1)
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FAQ
What did FIBK CFO David Della Camera report in this Form 4 filing?
He reported receiving an equity grant of 6,279 shares of common stock at $33.13 per share. These shares are tied to restricted stock units and represent compensation rather than an open-market purchase of FIRST INTERSTATE BANCSYSTEM INC stock.
What is the vesting schedule for the FIBK restricted stock units granted to the CFO?
The restricted stock units vest in three equal annual installments starting March 15, 2027. Each installment requires the CFO to remain employed through the applicable vesting date, aligning his long-term incentives with the company’s performance and shareholder interests over multiple years.
Under which plan were the FIBK restricted stock units granted to the CFO?
The restricted stock units were granted under FIRST INTERSTATE BANCSYSTEM INC’s 2023 Equity and Incentive Plan. This plan provides stock-based compensation to key employees, linking their rewards to company performance and helping retain leadership through multi-year vesting requirements.
Was the FIBK CFO’s transaction an open-market buy or a compensation award?
The transaction is classified as a grant or award acquisition, not an open-market purchase. It reflects restricted stock units granted as part of the CFO’s compensation, with shares issuable upon future vesting rather than immediate market buying activity.