Jensen Kirk D 4
Research Summary
AI-generated summary
FIBK General Counsel Kirk D. Jensen Withholds 1,375 Shares for Taxes
What Happened
Kirk D. Jensen, General Counsel of First Interstate BancSystem, had 1,375 shares of common stock withheld to satisfy tax withholding obligations upon vesting of previously granted restricted stock units (RSUs). The shares were valued at $33.22 each, for a total value of approximately $45,678. This was a tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date: 2026-03-16; Filing date: 2026-03-18 (Form 4). Filing appears timely (filed two days after the transaction).
- Price per share: $33.22; Total value (shares withheld): $45,678.
- Shares disposed: 1,375 (withheld to satisfy tax obligations) — transaction code F (tax withholding).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Shares withheld were used to satisfy the reporting person's tax withholding obligations upon vesting of a previously reported RSU award.
Context
Tax-withholding dispositions are routine administrative transactions that occur when RSUs vest; they do not necessarily indicate a buy or sell decision by the insider. This was not a cash sale on the open market but a transfer/retention of shares to cover taxes.