Form 4: First Western Financial Inc: CEO Scott Wylie Reports Stock Transactions
SEC Form 4
Scott Wylie, Chairman, CEO, and President of First Western Financial Inc, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Scott Wylie, the Chairman, CEO, and President of First Western Financial Inc, filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2024, Wylie acquired 11,799 shares of common stock and disposed of 2,297 shares at $16.95.
- On May 2, 2024, Wylie disposed of 628 shares at $17.39.
- Following these transactions, Wylie directly owns 756,354 shares of common stock.
- Wylie also indirectly owns 2,000 shares through the Wylie Family Foundation, for which he serves as President and Trustee.
- The report also mentions restricted stock units that vest in five substantially equal annual installments beginning on May 1, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units vest in five substantially equal annual installments beginning on May 1, 2025, subject to continued service.
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 shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Acquisition of 11,799 shares of common stock and disposal of 2,297 shares at $16.95. |
| 05/02/2024 | Disposal of 628 shares at $17.39. |
| 05/01/2025 | Vesting start date for restricted stock units in five substantially equal annual installments. |
| 05/03/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.