Form 4: First Western Financial Director Thomas Gart Acquires 1,200 Restricted Stock Units

First Western Financial Inc. Director Thomas A. Gart reported the acquisition of 1,200 restricted stock units, vesting over five years, increasing his direct beneficial ownership to 24,519 shares.

Summary

• Thomas A. Gart, a Director of First Western Financial Inc. (MYFW), acquired 1,200 shares of Common Stock on June 4, 2025.
• These shares represent restricted stock units (RSUs) granted at a price of $0, indicating they are part of an equity compensation plan.
• The RSUs are scheduled to vest in five substantially equal annual installments, with the first vesting occurring on June 4, 2026.
• Vesting of these units is contingent upon Mr. Gart's continued service to the company.
• Following this transaction, Mr. Gart directly beneficially owns 24,519 shares of Common Stock.
• Additionally, 72,909 shares are indirectly beneficially owned through Gart Investments, where Mr. Gart serves as Managing Partner, though he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive sign of continued alignment between management and shareholder interests, as it ties compensation to long-term performance and continued service. It is a routine compensation event.

Positives

• The grant of 1,200 restricted stock units to Director Thomas A. Gart aligns his interests with long-term shareholder value, as vesting is tied to his continued service to the company.
• The increase in Mr. Gart's direct beneficial ownership demonstrates continued commitment from a key director to the company's performance.

Future Outlook

The restricted stock units granted to Director Thomas A. Gart are scheduled to vest in five substantially equal annual installments, commencing on June 4, 2026, contingent upon his continued service to the company.

Management Comments

• The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

This Form 4 filing details a routine insider equity compensation event, common across publicly traded companies, where directors receive restricted stock units as part of their compensation package to align their interests with long-term company performance.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a director helps align the director's long-term interests with those of the shareholders, potentially fostering decisions that enhance long-term value.

Next Steps

• The restricted stock units will begin vesting on June 4, 2026, in five equal annual installments, subject to continued service.

Key Dates

Keywords

First Western Financial, MYFW, Thomas Gart, Director, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Beneficial Ownership, Equity Compensation