FIRST INTERSTATE BANCSYSTEM (FIBK) director receives 2,247-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips Joyce Ann reported acquisition or exercise transactions in this Form 4 filing.
FIRST INTERSTATE BANCSYSTEM INC director Joyce Ann Phillips received an equity award tied to future service. She was granted 2,247 shares of Common Stock in the form of restricted stock units under the company’s 2023 Equity and Incentive Plan. These units will vest on June 1, 2027, if she continues serving the company through that date or until the next annual shareholder meeting, whichever comes first. After this grant, her reported direct holdings total 14,599 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phillips Joyce Ann
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,247 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,599 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,247 shares
Grant price per share: $0.00 per share
Post-transaction holdings: 14,599 shares
+1 more
4 metrics
RSU grant size
2,247 shares
Restricted stock units granted on June 1, 2026
Grant price per share
$0.00 per share
Reported price for RSU grant
Post-transaction holdings
14,599 shares
Total direct holdings after grant
RSU vesting date
June 1, 2027
Scheduled vesting, subject to continuous service
Key Terms
restricted stock units, 2023 Equity and Incentive Plan, vesting
3 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 vest on June 1, 2027, subject to the reporting person's provision of continuous service"
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.
FAQ
What did FIBK director Joyce Ann Phillips report in this Form 4?
Joyce Ann Phillips reported receiving 2,247 restricted stock units of FIRST INTERSTATE BANCSYSTEM INC Common Stock. The award is a compensation grant, not a market purchase, and increases her reported direct holdings to 14,599 shares following the transaction.
When do Joyce Ann Phillips’ FIBK restricted stock units vest?
The 2,247 restricted stock units vest on June 1, 2027, subject to continuous service. Vesting can also occur earlier on the date of FIRST INTERSTATE BANCSYSTEM INC’s next annual shareholder meeting, provided she remains in service through that date.
What plan governs the restricted stock unit grant reported by FIBK’s director?
The restricted stock unit grant was made under FIRST INTERSTATE BANCSYSTEM INC’s 2023 Equity and Incentive Plan. This plan authorizes equity-based compensation awards, such as restricted stock units, to directors and other participants as part of their overall remuneration.