Johnson Dennis L 4
Research Summary
AI-generated summary
First Interstate (FIBK) Director Dennis Johnson Receives Award
What Happened
Dennis L. Johnson, a director of First Interstate BancSystem, was granted 2,247 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports the acquisition at $0.00 per share (a grant/award), so there was no cash purchase or sale in this transaction. These RSUs will convert into shares only if they vest.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (reporting date/period: 2026-06-01).
- Transaction type/code: Award/Grant (A); number of RSUs granted: 2,247; reported acquisition price: $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: RSUs vest on June 1, 2027, subject to the reporting person's continued service through the earlier of the vesting date or the registrant’s next annual shareholder meeting.
- Timeliness: Filing date is two days after the transaction date (no late filing indicated in the provided data).
Context
This was a standard restricted-equity grant to a director, not an open-market buy or sale. RSUs are typically subject to service-based vesting and do not represent immediately tradable stock until they vest and convert to shares. Such awards are common as compensation and do not, by themselves, signal insider buying or selling.