First Interstate (FIBK) COO Jeffery D. Lee Receives RSU Award

What Happened

• Jeffery D. Lee, Chief Operations Officer of First Interstate BancSystem, was granted 5,417 restricted stock units (RSUs) on 2026-09-14. The RSUs are reported at $0.00 (no cash purchase); they represent an award that will convert into shares if and when they vest.

Key Details

• Transaction date: 2026-09-14; transaction type: Award/Grant (code A); reported price: $0.00 per share.
• Shares granted: 5,417 RSUs (shares issuable upon vesting).
• Vesting: Grants vest in three equal annual installments beginning September 14, 2027, subject to continued employment (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Filing: Report filed 2026-09-16 (two days after the grant), which appears timely for a Form 4.

Context

• RSUs are awards that convert to actual shares on the vesting dates; they do not represent an immediate market purchase or sale and typically do not require out-of-pocket payment by the insider at grant.
• Awards like this are common for executive compensation and do not by themselves indicate buying or selling sentiment.