Equity grant boosts First Interstate (FIBK) insider share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scott James R. Jr reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC director and 10% owner James R. Scott Jr. received a grant of 2,247 shares of common stock at a price of $0.00 per share as a compensation-related award. According to the footnotes, these shares are issuable upon vesting of restricted stock units granted under the 2023 Equity and Incentive Plan.
The restricted stock units vest on June 1, 2027, subject to his continuous service through that date or the date of the company’s next annual shareholder meeting, if earlier. Following the grant, he directly holds 80,792 shares of common stock and indirectly holds 1,952,320 shares through JS Investments Limited Partnership and two GST exempt trusts. The reporting persons may be deemed part of a group and to share beneficial ownership, but they disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Scott James R. Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 80,792 shares (Direct, null);
Common Stock — 1,952,320 shares (Indirect, see footnote)
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 vest on June 1, 2027, subject to the reporting person's provision of continuous service to the Registrant through the earlier of the applicable vesting date or the date of the Registrant's next annual shareholder meeting. Composed of 1,901,036 shares held of record by JS Investments Limited Partnership, 25,642 shares held of record by First Interstate Bank TTEE for Dana S Andersson GST Exempt Trust No 1 Dtd 12/11/2020 and 25,642 shares held of record by First Interstate Bank TTEE for James R Scott Jr. GST Exempt Trust No 1 Dtd 12/11/2020. As a result of certain agreements entered into by and among the reporting persons, the Issuer, and certain other stockholders of the Issuer, the reporting persons may be deemed members of a group with the other signatories thereto and may be deemed to share beneficial ownership of the securities reported herein. Each of the reporting persons disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein. The reporting persons expect to file future Forms 4 and 5, if any, together with James R. Scott, Jr. with the indication of direct or indirect ownership in Tables I and II being made from James R. Scott Jr.'s perspective unless expressly noted otherwise by footnote. The nature of beneficial ownership is described in detail by footnote for all reporting persons.
Key Figures
RSU grant: 2,247 shares
Grant price: $0.00 per share
Direct holdings after grant: 80,792 shares
+5 more
8 metrics
RSU grant
2,247 shares
Restricted stock units granted as of June 1, 2026
Grant price
$0.00 per share
Price per share for compensation award
Direct holdings after grant
80,792 shares
Common stock directly owned after transaction
Indirect holdings
1,952,320 shares
Common stock held via partnership and trusts
LP indirect component
1,901,036 shares
Held by JS Investments Limited Partnership
Trust holdings Dana S. Andersson GST
25,642 shares
Held by First Interstate Bank as trustee
Trust holdings James R. Scott Jr. GST
25,642 shares
Held by First Interstate Bank as trustee
Vesting date
June 1, 2027
RSUs vest subject to continuous service or earlier meeting
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, pecuniary interest, beneficial ownership, +1 more
5 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"
pecuniary interest financial
"disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein"
beneficial ownership financial
"may be deemed to share beneficial ownership of the securities reported herein"
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.
GST Exempt Trust financial
"First Interstate Bank TTEE for Dana S Andersson GST Exempt Trust No 1"
FAQ
What insider transaction did FIBK director James R. Scott Jr. report?
He reported receiving a grant of 2,247 shares of First Interstate BancSystem common stock at $0.00 per share. The grant is compensation-related and tied to restricted stock units under the 2023 Equity and Incentive Plan, not an open-market purchase or sale.
When do the granted FIBK restricted stock units vest?
The restricted stock units vest on June 1, 2027, subject to his continuous service. Vesting can also occur earlier on the date of the company’s next annual shareholder meeting, providing service-based conditions rather than any market price trigger.
What indirect FIBK holdings are associated with James R. Scott Jr.?
Indirect holdings total 1,952,320 shares of First Interstate BancSystem common stock. These are composed of shares held by JS Investments Limited Partnership and two GST exempt trusts for Dana S. Andersson and James R. Scott Jr., respectively.