Cho Alice S 4
Research Summary
AI-generated summary
First Interstate (FIBK) Director Alice S. Cho Receives RSU Award
What Happened
- Alice S. Cho, a director of First Interstate BancSystem, was granted 2,247 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports an acquisition at $0.00 per share (code A — award/grant), so no cash was paid by the insider at grant.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (appears timely per Form 4 rules).
- Transaction type/code: Award/Grant (A). Quantity: 2,247 RSUs. Reported acquisition price: $0.00.
- Shares owned after the transaction: not specified in the provided filing data.
- Footnote: RSUs vest on June 1, 2027, subject to the reporting person’s continuous service through the earlier of the vesting date or the registrant’s next annual shareholder meeting (per footnote F1).
- Plan: Granted under the Registrant’s 2023 Equity and Incentive Plan.
Context
- RSUs are a form of equity compensation that convert into shares upon vesting; they are not an immediate purchase or sale and typically do not indicate near-term trading intent. This award increases potential future ownership if Cho remains in service through the vesting conditions.