Agrawal Renu 4
Research Summary
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FIRST INTERSTATE (FIBK) Director Renu Agrawal Receives RSU Award
What Happened Renu Agrawal, a director of First Interstate Bancsystem, was granted 2,247 restricted stock units (RSUs) on June 1, 2026 (transaction code A). The grant was reported at $0.00 per share (a compensation award), so no cash was exchanged. These RSUs are issuable upon vesting and do not represent immediately transferable shares.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (timely filing).
- Grant: 2,247 RSUs at $0.00 per share (award/compensation).
- Vesting: RSUs vest on June 1, 2027, subject to continuous service through the earlier of the vesting date or the next annual shareholder meeting (see footnote F1).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Transaction code: A = award/grant of securities.
Context RSU grants are a form of equity compensation for directors and typically convert into common shares only after vesting; they are not the same as open-market purchases or sales. Such awards are routine compensation and do not, by themselves, indicate an insider buying or selling for investment reasons.