Form 4: First Interstate BancSystem Director John Heyneman Jr. Reports Gift Transactions

Director John M. Heyneman Jr. of First Interstate BancSystem Inc. reports gifting shares to family members and indirect ownership through trusts and partnerships.

Summary

• John M. Heyneman Jr., a director and 10% owner of First Interstate BancSystem Inc. (FIBK), filed a Form 4 detailing changes in beneficial ownership.
• On July 31, 2024, Heyneman gifted 2,300 shares of common stock, valued at $0, to his spouse and children.
• He also reported indirect beneficial ownership of 1,415,701 shares through various trusts and a limited partnership.
• Heyneman is part of a group of stockholders who may be deemed to share beneficial ownership of the reported securities.
• He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• Future Forms 4 and 5 will indicate direct or indirect ownership from John Heyneman, Jr.'s perspective.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.

Future Outlook

The reporting persons expect to file future Forms 4 and 5, if any, together with John Heyneman, Jr. with the indication of direct or indirect ownership in Table I being made from John Heyneman, Jr.'s perspective.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership structure and activities of company insiders.

Related Party Transactions

• The transaction involved a gift of 575 shares to reporting person's spouse and gifts of 575 shares to each of the reporting person's three children that share a household with the reporting person.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on stakeholders.

Key Dates