FIRST INTERSTATE BANCSYSTEM (FIBK) grants 2,247 RSUs to Chief Credit Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boschee Ryan J. reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC reported that Chief Credit Officer Ryan J. Boschee received an equity award in the form of restricted stock units. The grant covers 2,247 shares of common stock at no purchase price, increasing his directly held and awarded stake to 16,777 shares.
The footnote explains that these shares are issuable upon vesting of restricted stock units granted under the company’s 2023 Equity and Incentive Plan. The units vest on June 1, 2029, subject to his continued employment through that date, making this a long-term, service-based compensation award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boschee Ryan J.
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,777 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 2,247 shares
Grant price: $0.0000 per share
Holdings after transaction: 16,777 shares
+1 more
4 metrics
RSUs granted
2,247 shares
Restricted stock units awarded on June 1, 2026
Grant price
$0.0000 per share
Equity award with no purchase price
Holdings after transaction
16,777 shares
Total directly held and awarded after grant
Vesting date
June 1, 2029
RSUs vest subject to continued employment
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, vesting, 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"
vesting financial
"The restricted stock units vests on June 1, 2029, subject to the reporting person's continued employment"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did FIBK Chief Credit Officer Ryan Boschee report?
Ryan J. Boschee reported receiving 2,247 restricted stock units of FIRST INTERSTATE BANCSYSTEM INC common stock. The grant is part of his compensation and was awarded at no purchase price, increasing his total directly held and awarded holdings to 16,777 shares.
When do Ryan Boschee’s newly granted FIBK restricted stock units vest?
The restricted stock units vest on June 1, 2029, according to the footnote. Vesting is subject to Boschee’s continued employment through that date, meaning he must remain with FIRST INTERSTATE BANCSYSTEM INC until then to receive the underlying shares.
Under which plan were Ryan Boschee’s FIBK restricted stock units granted?
The restricted stock units were granted pursuant to FIRST INTERSTATE BANCSYSTEM INC’s 2023 Equity and Incentive Plan. This plan is used to provide equity-based compensation, aligning executive interests with shareholders through long-term stock-based awards.