Form 4: First Interstate BancSystem EVP, Chief Operations Officer Reports Stock Disposition for Tax Obligations
SEC Form 4 Filing
Kristina Robbins, EVP and Chief Operations Officer of First Interstate BancSystem, reports disposing of 257 shares of common stock to cover withholding taxes upon vesting of unvested shares on May 28, 2024.
Summary
- On May 28, 2024, Kristina Robbins, the EVP and Chief Operations Officer of First Interstate BancSystem Inc. (FIBK), disposed of 257 shares of common stock.
- The disposition was to the issuer in payment of minimum required withholding taxes due upon the vesting of unvested shares.
- The price per share was $26.5.
- Following the transaction, Robbins directly owns 13,220 shares of First Interstate BancSystem Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. There is no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, reflecting a common practice where company executives dispose of shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of transaction: Disposition of 257 shares of common stock. |
| 05/29/2024 | Date of signature on the report. |
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