First Interstate BancSystem (FIBK) awards 1,806 RSUs to director Ritter
Rhea-AI Filing Summary
Ritter Matthew John reported acquisition or exercise transactions in this Form 4 filing.
First Interstate BancSystem Inc. reported that director Matthew John Ritter received an equity award covering 1,806 shares of common stock in the form of restricted stock units under its 2023 Equity and Incentive Plan. These units vest on June 1, 2027, contingent on his continuous service, and represent his directly reported holding after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,806 shares
Net Buy
1 txn
Insider
Ritter Matthew John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,806 | $38.97 | $70K |
Holdings After Transaction:
Common Stock — 1,806 shares (Direct)
Footnotes (1)
- F1. 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 vesting date.
Key Figures
Restricted stock units granted: 1,806 shares
Reported value per share: $38.97
Total shares following transaction: 1,806 shares
+1 more
4 metrics
Restricted stock units granted
1,806 shares
Grant of restricted stock units to director Matthew John Ritter
Reported value per share
$38.97
Per-share value used for the July 22, 2026 restricted stock unit grant
Total shares following transaction
1,806 shares
Directly reported common-share-equivalent holdings after the award
Vesting date
June 1, 2027
Restricted stock units vest if continuous service is maintained through this date
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, vesting date
3 terms
restricted stock units financial
"Shares issuable upon vesting of restricted stock units granted"
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 date financial
"subject to the reporting person's provision of continuous service to the Registrant through the vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity award did First Interstate BancSystem (FIBK) report for Matthew John Ritter?
Matthew John Ritter received an equity award covering 1,806 shares of First Interstate BancSystem common stock as restricted stock units at a reported value of $38.97 per share, increasing his directly reported holding to 1,806 share-equivalents.
When do Matthew John Ritter’s restricted stock units in First Interstate BancSystem (FIBK) vest?
The restricted stock units granted to Matthew John Ritter vest on June 1, 2027. Vesting is conditioned on his provision of continuous service to First Interstate BancSystem through this vesting date, according to the grant terms.
How does this equity award affect Matthew John Ritter’s reported holdings in First Interstate BancSystem (FIBK)?
Following the grant, Matthew John Ritter is reported as directly holding rights to 1,806 common shares through restricted stock units. These shares are issuable only upon vesting, which requires continuous service through June 1, 2027.
Was Matthew John Ritter’s FIBK equity award made under a Rule 10b5-1 trading plan?
The transaction-level information indicates the Rule 10b5-1 plan checkbox was not marked for this award. This suggests the grant was a standard equity compensation award, not executed under a pre-arranged trading plan.