Form 4: First Interstate Bancsystem Director James R. Scott Jr. Granted Restricted Stock Units

First Interstate Bancsystem Director and 10% Owner, James R. Scott Jr., was granted 2,946 restricted stock units, vesting in June 2026, as part of the company's 2023 Equity and Incentive Plan.

Summary

• James R. Scott Jr., a Director and 10% Owner of First Interstate Bancsystem Inc. (FIBK), acquired 2,946 shares of common stock on June 1, 2025.
• These shares are Restricted Stock Units (RSUs) granted under the Registrant's 2023 Equity and Incentive Plan.
• The RSUs are scheduled to vest on June 1, 2026, or earlier upon the date of the Registrant's next annual stockholder meeting, contingent on Mr. Scott Jr.'s continuous service.
• Following this transaction, James R. Scott Jr. directly holds 78,545 shares and indirectly holds 51,284 shares of common stock.
• The indirect ownership of 51,284 shares is comprised of 25,642 shares held by First Interstate Bank TTEE for Dana S Andersson GST Exempt Trust No 1 Dtd 12/11/2020 and 25,642 shares held by First Interstate Bank TTEE for James R Scott Jr. GST Exempt Trust No 1 Dtd 12/11/2020.
• The reporting persons may be deemed members of a group with other signatories due to certain agreements, disclaiming beneficial ownership of such securities except to the extent of their pecuniary interest.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director and significant owner is a positive signal, aligning management's interests with long-term shareholder value and incentivizing continued service. It reflects a standard compensation practice and does not indicate any negative operational or financial issues.

Positives

• The grant of 2,946 restricted stock units to a Director and 10% Owner, James R. Scott Jr., aligns management's interests with long-term shareholder value.
• The vesting schedule, tied to continuous service, incentivizes retention and sustained commitment from a key insider.

Risks

• The vesting of the restricted stock units is contingent upon the reporting person's continuous service to the Registrant, meaning the shares could be forfeited if service is terminated before the vesting date.
• The reporting persons may be deemed members of a group with other stockholders, which could imply shared beneficial ownership and potential coordinated actions, although beneficial ownership is disclaimed except for pecuniary interest.

Future Outlook

The restricted stock units granted to James R. Scott Jr. are expected to vest on June 1, 2026, or earlier upon the next annual stockholder meeting, provided continuous service is maintained. The reporting persons anticipate filing future Forms 4 and 5 together with James R. Scott, Jr.

Industry Context

The grant of restricted stock units to a director and significant owner is a common practice in the financial services industry. This compensation method is widely used to align the interests of key personnel with long-term shareholder value, incentivizing retention and performance within the company.

Related Party Transactions

• Indirect beneficial ownership of 51,284 shares is held through two trusts: First Interstate Bank TTEE for Dana S Andersson GST Exempt Trust No 1 Dtd 12/11/2020 and First Interstate Bank TTEE for James R Scott Jr. GST Exempt Trust No 1 Dtd 12/11/2020, which are related to the reporting person.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a director and 10% owner aligns their interests with long-term shareholder value, potentially leading to more favorable governance and strategic decisions.

Next Steps

• The restricted stock units are scheduled to vest on June 1, 2026, or earlier upon the next annual stockholder meeting.
• The reporting persons expect to file future Forms 4 and 5 together with James R. Scott, Jr.

Key Dates

Recommendation

Keywords

FIBK, First Interstate Bancsystem, Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Plan, Director, 10% Owner, Stock Grant, Beneficial Ownership