Shepler Christopher L. 4
Research Summary
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FIBK Chief Banking Officer Christopher Shepler Receives RSU Award
What Happened Christopher L. Shepler, Chief Banking Officer of First Interstate BancSystem, was granted 5,971 restricted stock units (RSUs) on 2026-03-15. The filing reports a per-share value of $33.13, for a total reported grant value of approximately $197,819. This was an award/grant (code A) of RSUs, not an open-market purchase or sale.
Key Details
- Transaction date and reporting: grant dated 2026-03-15; Form 4 filed 2026-03-17 (timely filing).
- Grant details: 5,971 RSUs at $33.13 per share; total reported value ~$197,819.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnote: RSUs vest in three equal annual installments beginning March 15, 2027, subject to continued employment (see footnote F1).
- Transaction type: Award/Grant (code A); these RSUs are shares issuable upon vesting (not immediately tradable).
Context RSU grants are a common form of executive compensation and typically vest over time to encourage retention. Because these units vest in future installments and are subject to forfeiture if employment ends, they do not represent immediately liquid stock purchases or sales and should be interpreted as compensation rather than a direct market sentiment signal.