Form 4: First Interstate BancSystem Inc. Executive Lori Meyer Reports Changes in Beneficial Ownership

Lori Meyer, EVP and Chief Information Officer of First Interstate BancSystem Inc., reports transactions involving common stock, including acquisitions upon vesting of restricted stock units and dispositions for tax withholding.

Summary

• On March 15, 2025, Lori Meyer acquired 3,204 shares of common stock related to vesting restricted stock units at a price of $0.
• These restricted stock units vest in three equal annual installments starting March 15, 2026, contingent upon continued employment.
• On March 17, 2025, Meyer disposed of shares to the issuer to cover minimum required withholding taxes at a price of $29.14 per share.
• These dispositions included 71, 156, 76, and 423 shares.
• Following these transactions, Meyer directly owns 12,808 shares and indirectly owns 1,232 shares through a 401k.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard executive compensation practices and alignment with company performance.

Positives

• The acquisition of shares through vesting restricted stock units indicates a long-term incentive and alignment with the company's success.

Negatives

• The disposition of shares to cover withholding taxes, while standard, slightly reduces Meyer's direct holdings in the company.

Risks

• The vesting of restricted stock units is contingent upon continued employment, creating a potential risk if Meyer were to leave the company before full vesting.

Future Outlook

The reporting person will continue to receive shares upon vesting of restricted stock units in the future, contingent on continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units as a way to align executive interests with shareholder value, a common practice among publicly traded companies like First Interstate BancSystem.
• Similar to executives at regional banks like U.S. Bancorp or KeyCorp, Lori Meyer's equity-based compensation is designed to incentivize long-term performance.
• The vesting schedules and tax withholding practices are standard across the industry, ensuring compliance with regulatory requirements.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive ownership and alignment with company interests.

Key Dates