Form 4: First Western COO Reports Stock Vesting and Tax Sales

First Western Financial Inc.'s Chief Operating Officer, Julie A. Courkamp, reported the vesting of performance stock units and subsequent tax-related dispositions of common stock.

Summary

• Julie A. Courkamp, Chief Operating Officer and Director of First Western Financial Inc. (MYFW), reported transactions involving common stock.
• On November 18, 2025, 4,076 shares of common stock were acquired at a price of $0, representing the vesting of performance stock units (PSUs).
• These PSUs were granted on November 18, 2020, with 50% vesting on November 18, 2023, and the remaining 50% vesting on November 18, 2025, after performance conditions were satisfied.
• Also on November 18, 2025, 411 shares and 1,171 shares of common stock were disposed of at a price of $22.99 per share, likely for tax withholding purposes related to the vesting.
• Following these transactions, Julie A. Courkamp directly beneficially owns 55,749 shares of common stock.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction involving the vesting of performance stock units due to met performance conditions, followed by standard tax-related dispositions. This is generally a neutral to slightly positive event, reflecting successful achievement of corporate goals tied to executive compensation.

Positives

• The vesting of 4,076 performance stock units indicates that the company's performance conditions, set when the units were granted in 2020, were successfully met.
• The acquisition of shares at a $0 price reflects compensation earned by the Chief Operating Officer, aligning management's interests with shareholder value.

Negatives

• The disposition of 1,582 shares (411 + 1,171) for tax withholding purposes reduces the direct beneficial ownership of the Chief Operating Officer, though this is a standard practice following equity vesting.

Stakeholder Impact

• Shareholders: The vesting of PSUs aligns management incentives with shareholder interests, as it indicates performance targets were met. The tax-related sales are a routine part of executive compensation.

Key Dates

Keywords

First Western Financial Inc., MYFW, Julie A. Courkamp, Chief Operating Officer, Director, SEC Form 4, Insider Transaction, Stock Vesting, Performance Stock Units, Equity Compensation, Tax Withholding