First Interstate (FIBK) GC reports tax withholding of 1,375 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST INTERSTATE BANCSYSTEM INC General Counsel Kirk D. Jensen reported a tax-related share disposition. On the vesting of a previously reported restricted stock unit award, 1,375 shares of common stock were withheld at $33.22 per share to cover his tax obligations. After this withholding, he directly holds 32,731 shares of common stock. This was not an open-market sale but a routine tax-withholding event linked to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jensen Kirk D
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,375 | $33.22 | $46K |
Holdings After Transaction:
Common Stock — 32,731 shares (Direct)
Footnotes (1)
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FAQ
What did FIBK General Counsel Kirk D. Jensen report in this Form 4?
He reported a tax-related share withholding tied to equity compensation. Specifically, 1,375 common shares were withheld upon vesting of a restricted stock unit award to satisfy tax obligations, not sold on the open market.
Is the FIBK insider transaction by Kirk D. Jensen an open-market sale?
No, it is not an open-market sale. The 1,375 shares reported were withheld by the company to satisfy tax liability on a vested restricted stock unit award, a routine administrative step in equity compensation.
What does transaction code "F" mean in the FIBK Form 4 filing?
Code “F” denotes payment of an exercise price or tax liability by delivering securities. In this case, 1,375 FIBK shares were withheld to satisfy the reporting person’s tax withholding obligations when a restricted stock unit award vested.