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Director of First Interstate (FIBK) gets RSU grant, reports large indirect stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HEYNEMAN JOHN M JR reported acquisition or exercise transactions in this Form 4 filing.

FIRST INTERSTATE BANCSYSTEM INC director and 10% owner John M. Heyneman Jr. reported receiving an award of 2,247 shares of Common Stock in the form of restricted stock units at $0.00 per share. These restricted stock units vest on June 1, 2027, subject to his continuous service through that date or until the company’s next annual shareholder meeting, whichever occurs first.

After this grant, he holds 7,471 shares of Common Stock directly and reports additional indirect holdings of 30,154 shares through Bench Ranch LLC, 47,482 shares through Awe' LLC, and 1,414,636 shares held through various trusts, a limited partnership, and family members as described in footnotes. Footnotes also note certain agreements under which he and related parties may be deemed part of a group that shares beneficial ownership, while disclaiming beneficial ownership beyond any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider HEYNEMAN JOHN M JR
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,247 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 7,471 shares (Direct, null); Common Stock — 1,414,636 shares (Indirect, see footnote)
Footnotes (1)
  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. 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 John Heyneman, Jr. with the indication of direct or indirect ownership in Table I being made from John Heyneman, Jr.'s perspective. The nature of beneficial ownership is described in detail by footnote for all reporting persons. Composed of 150,000 shares held of record by John M Heyneman Jr. Trust, 85,836 shares held of record by Riki Rae Scott Davidson & John Heyneman Jr., Trustees FBO Riki Scott Davidson Exemption Trust Under the Scott Family 1996 Trust, 85,836 shares held of record by Rae Ann Morss & John Heyneman Jr., Trustees FBO Rae Ann Morss Exemption Trust Under the Scott Family 1996 Trust, 1,085,792 shares held of record by Towanda Investments Limited Partnership, 4,552 shares held of record by John Heyneman, Jr.'s spouse, 1095 shares held of record by John Heyneman, Jr.'s daughter, 1,215 shares held of record by John Heyneman, Jr.'s son Quinn, and 310 shares held of record by John Heyneman, Jr.'s son Bae-John.
RSU grant size 2,247 shares Restricted stock units of Common Stock granted at $0.00 per share
Grant price $0.00 per share Price per share for 2,247 restricted stock units
RSU vesting date June 1, 2027 Vesting date subject to continuous service or next annual meeting
Direct holdings after grant 7,471 shares Common Stock held directly by John M. Heyneman Jr.
Bench Ranch LLC holdings 30,154 shares Common Stock held indirectly through Bench Ranch LLC
Awe' LLC holdings 47,482 shares Common Stock held indirectly through Awe' LLC
Other indirect holdings 1,414,636 shares Common Stock held via trusts, partnership, spouse and children
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
"restricted stock units granted to the reporting person pursuant to the Registrant's 2023 Equity and Incentive Plan"
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.
pecuniary interest financial
"disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein"
group financial
"may be deemed members of a group with the other signatories thereto"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HEYNEMAN JOHN M JR
(Last)(First)(Middle)
P.O. BOX 30918
(Street)
BILLINGS MONTANA 59116
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRST INTERSTATE BANCSYSTEM INC [ FIBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A2,247(1)A$07,471D
Common Stock1,414,636Isee footnote(2)(3)
Common Stock47,482IBy Awe' LLC
Common Stock30,154IBy Bench Ranch LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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 John Heyneman, Jr. with the indication of direct or indirect ownership in Table I being made from John Heyneman, Jr.'s perspective. The nature of beneficial ownership is described in detail by footnote for all reporting persons.
3. Composed of 150,000 shares held of record by John M Heyneman Jr. Trust, 85,836 shares held of record by Riki Rae Scott Davidson & John Heyneman Jr., Trustees FBO Riki Scott Davidson Exemption Trust Under the Scott Family 1996 Trust, 85,836 shares held of record by Rae Ann Morss & John Heyneman Jr., Trustees FBO Rae Ann Morss Exemption Trust Under the Scott Family 1996 Trust, 1,085,792 shares held of record by Towanda Investments Limited Partnership, 4,552 shares held of record by John Heyneman, Jr.'s spouse, 1095 shares held of record by John Heyneman, Jr.'s daughter, 1,215 shares held of record by John Heyneman, Jr.'s son Quinn, and 310 shares held of record by John Heyneman, Jr.'s son Bae-John.
Remarks:
/s/ Kirk D. Jensen, Attorney-in-Fact for Reporting Person06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did John M. Heyneman Jr. report for FIRST INTERSTATE BANCSYSTEM (FIBK)?

John M. Heyneman Jr. reported receiving an award of 2,247 shares of Common Stock as restricted stock units at $0.00 per share. The award is compensation-related and reflects a grant rather than an open-market purchase or sale of FIBK shares.

When do the 2,247 restricted stock units granted to the FIBK director vest?

The 2,247 restricted stock units vest on June 1, 2027, if service continues. Vesting can also occur earlier if it happens by the date of FIRST INTERSTATE BANCSYSTEM’s next annual shareholder meeting, provided continuous service conditions are satisfied.

How many FIRST INTERSTATE BANCSYSTEM (FIBK) shares does John M. Heyneman Jr. hold directly after this Form 4?

Following the reported grant, John M. Heyneman Jr. directly holds 7,471 shares of FIRST INTERSTATE BANCSYSTEM Common Stock. This direct position is separate from substantial additional indirect holdings reported through LLCs, trusts, a limited partnership, and certain family members.

What indirect FIBK shareholdings are reported for John M. Heyneman Jr. on this Form 4?

Indirect holdings include 30,154 shares through Bench Ranch LLC, 47,482 shares through Awe' LLC, and 1,414,636 shares through multiple trusts, a limited partnership, and family members. These positions reflect beneficial interests held via various entities and family accounts described in a detailed footnote.

What does the beneficial ownership footnote indicate about FIBK shares linked to John M. Heyneman Jr.?

The footnote explains that certain agreements may cause the reporting persons to be deemed part of a group that shares beneficial ownership of reported securities. It also states each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest in the FIRST INTERSTATE BANCSYSTEM shares.

Under which plan were the 2,247 restricted stock units for FIBK granted?

The 2,247 restricted stock units were granted under FIRST INTERSTATE BANCSYSTEM’s 2023 Equity and Incentive Plan. This plan provides equity-based compensation, and the reported units will convert into shares of Common Stock upon vesting, subject to the director’s continuous service conditions.