Form 4: FirstSun Capital Bancorp Executive Receives Stock Grant

Jennifer Norris, Chief Credit Officer of FirstSun Capital Bancorp, reports the acquisition of 5,003 restricted stock units.

Summary

• On April 1, 2025, Jennifer Norris, the Chief Credit Officer of FirstSun Capital Bancorp, was granted 5,003 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The restricted stock units vest in three equal annual installments beginning on April 1, 2026.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. It's a neutral positive.

Positives

• The grant of restricted stock units to a key executive aligns their interests with those of the shareholders.
• Vesting over three years encourages long-term commitment from the executive.

Risks

• The value of the restricted stock units is contingent on the future performance of FirstSun Capital Bancorp's stock.

Future Outlook

The executive will receive shares of common stock as the restricted stock units vest over the next three years, contingent on continued employment.

Industry Context

Stock grants are a common form of executive compensation in the financial services industry, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the banking industry.
• Comparable companies like Western Alliance Bancorporation and Bank of Hawaii Corporation also utilize stock grants as part of their executive compensation strategy.
• The vesting schedule of three years is fairly standard for restricted stock units.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns executive interests with company performance.
• Employees may see this as a positive sign of investment in leadership.

Next Steps

• The executive will receive shares of FSUN stock as the restricted stock units vest annually beginning April 1, 2026.

Key Dates

Keywords

restricted stock units, FirstSun Capital Bancorp, Jennifer Norris, Chief Credit Officer, stock grant, Form 4, FSUN, vesting