Form 4: First Interstate BancSystem Inc. Executive Asker Reports Stock Transactions

Lorrie F. Asker, Chief Banking Officer of First Interstate BancSystem Inc., reports acquisition and disposal of company stock related to vesting of restricted stock units and tax obligations.

Summary

• On March 15, 2025, Lorrie F. Asker acquired 6,712 shares of First Interstate BancSystem Inc. common stock upon vesting of restricted stock units.
• These units were granted under the company's 2023 Equity and Incentive Plan and vest in three equal annual installments starting March 15, 2026, contingent upon continued employment.
• On March 17, 2025, Asker disposed of shares to the issuer to cover minimum required withholding taxes due upon the vesting of unvested shares.
• These dispositions occurred at a price of $29.14 per share, with 129, 318, 257, and 846 shares disposed of in separate transactions.
• Following these transactions, Asker directly owns 19,708 shares of First Interstate BancSystem Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation. It is neutral in sentiment as it simply reports facts.

Positives

• The vesting of restricted stock units indicates confidence in the company's future performance, as the executive's benefit is tied to the company's success.

Future Outlook

The reporting person's future stock ownership will be affected by the vesting schedule of the remaining restricted stock units, which vest annually on March 15, 2026, March 15, 2027, and March 15, 2028, subject to continued employment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the insider transactions of a key executive.
• The transactions have a minor impact on the overall shareholding structure.

Key Dates