First Interstate BancSystem (FIBK) CFO has 1,307 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST INTERSTATE BANCSYSTEM INC Chief Financial Officer David Della Camera reported a routine tax-related share disposition. On the vesting of a previously reported restricted stock unit award, 1,307 shares of common stock were withheld at $33.22 per share to cover his tax obligations. After this withholding, he owns 26,678 shares of common stock directly, and the filing does not reflect any open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Della Camera David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,307 | $33.22 | $43K |
Holdings After Transaction:
Common Stock — 26,678 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did FIBK’s CFO report in this Form 4?
FIRST INTERSTATE BANCSYSTEM INC’s CFO, David Della Camera, reported a tax-related share disposition. On restricted stock unit vesting, 1,307 common shares were withheld at $33.22 each to satisfy his tax withholding obligations, rather than being sold on the open market.
Does the FIBK Form 4 indicate an open-market sale by the CFO?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to pay taxes when a restricted stock unit award vested, consistent with transaction code F and the accompanying footnote explanation.
What does transaction code F mean in the FIBK Form 4 filing?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this case, 1,307 FIRST INTERSTATE BANCSYSTEM INC shares were withheld to satisfy the CFO’s tax withholding obligations upon vesting of a restricted stock unit award.