First Interstate (NASDAQ: FIBK) CIO receives 2,247 RSUs and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meyer Lori reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC EVP and Chief Information Officer Lori Meyer received a grant of 2,247 shares of Common Stock as a stock award. The award consists of restricted stock units granted under the company’s 2023 Equity and Incentive Plan, which vest on June 1, 2029, subject to her continued employment through that date.
After the award, Meyer directly holds 16,517 shares of Common Stock and indirectly holds 1,232 shares through a 401(k) plan. The filing also corrects a prior report of shares withheld for tax obligations on a past vesting, revising that figure to 813 shares instead of 1,550.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Meyer Lori
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,517 shares (Direct, null);
Common Stock — 1,232 shares (Indirect, 401k)
Footnotes (1)
- Shares issuable upon vesting of restricted stock units granted to the reporting person pursuant to the Registrant's 2023 Equity and Incentive Plan. The restricted stock units vests on June 1, 2029, subject to the reporting person's continued employment through the vesting date. The number of shares reported herein reflects a correction to the reporting persons beneficial ownership. A Form 4 filed on March 18, 2026 incorrectly reported that 1,550 shares of common stock were withheld to satisfy tax withholding obligations upon vesting of a previously reported restricted stock award. The correct number of shares withheld for such purpose was 813.
Key Figures
RSU grant size: 2,247 shares
Direct holdings after grant: 16,517 shares
Indirect 401(k) holdings: 1,232 shares
+3 more
6 metrics
RSU grant size
2,247 shares
Restricted stock units granted to Lori Meyer
Direct holdings after grant
16,517 shares
Meyer’s direct Common Stock ownership following transaction
Indirect 401(k) holdings
1,232 shares
Common Stock held indirectly through 401(k) plan
Vesting date
June 1, 2029
RSUs vest subject to continued employment
Correct tax-withheld shares
813 shares
Revised number of shares withheld for prior tax obligations
Previously misreported withheld shares
1,550 shares
Incorrect amount reported on March 18, 2026 Form 4
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, beneficial ownership, tax withholding obligations
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"
beneficial ownership financial
"The number of shares reported herein reflects a correction to the reporting persons beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
tax withholding obligations financial
"shares of common stock were withheld to satisfy tax withholding obligations upon vesting"
FAQ
What insider transaction did FIBK executive Lori Meyer report?
Lori Meyer reported receiving 2,247 shares of First Interstate BancSystem Common Stock as a stock award. The award is in the form of restricted stock units granted as part of her executive compensation under the company’s 2023 Equity and Incentive Plan.
When do Lori Meyer’s new FIBK restricted stock units vest?
The 2,247 restricted stock units granted to Lori Meyer vest on June 1, 2029. Vesting is contingent on her continued employment with First Interstate BancSystem through that date, aligning the award with long-term retention and performance incentives.
Is Lori Meyer’s latest FIBK transaction a market purchase or sale?
The transaction is neither a market purchase nor a sale. It is a grant or award of 2,247 restricted stock units at no purchase price, provided as part of Lori Meyer’s executive compensation rather than an open-market trade in First Interstate BancSystem shares.
What compensation plan governs Lori Meyer’s new FIBK stock award?
The restricted stock units granted to Lori Meyer were issued under First Interstate BancSystem’s 2023 Equity and Incentive Plan. This plan authorizes equity-based compensation awards such as restricted stock units to executives and employees to align their interests with shareholders.