Form 4: First Interstate BancSystem CEO Kevin Riley Reports Stock Transactions
SEC Form 4 Filing
Kevin Riley, President & CEO of First Interstate BancSystem Inc., reports multiple transactions involving the company's common stock, including acquisitions, disposals, and gifts.
Summary
- Kevin Riley, the President & CEO of First Interstate BancSystem Inc. (FIBK), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On July 31, 2024, Riley acquired 6,820 shares of common stock at a price of $31.62 per share.
- On August 1, 2024, he acquired 3,830 shares at a weighted average price of $29.94.
- Also on August 1, 2024, Riley disposed of 7,300 shares at $29.81 per share.
- He also gifted 6,750 shares.
- Additionally, he made several acquisitions of 250 shares each as custodian under UTMA for multiple beneficiaries, and further purchases of smaller quantities of shares as custodian under UTMA for multiple beneficiaries.
- Following these transactions, Riley directly owns 82,512 shares and indirectly owns shares through an IRA and as custodian under UTMA for several beneficiaries.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the buying and selling activities of key executives.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's perspective on the company's stock value.
- The gifting of shares may have implications for the recipients under UTMA.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Riley acquired 6,820 shares of common stock at $31.62 per share. |
| 08/01/2024 | Riley acquired 3,830 shares at a weighted average price of $29.94, disposed of 7,300 shares at $29.81, gifted 6,750 shares, and made several acquisitions as custodian under UTMA. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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