secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0001140361-23-014015
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp promotes James Noone to President of FinWise Bank; approves new compensation plans
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- James Noone appointed President, Chief Strategy Officer & Chief Credit Officer of FinWise Bank, effective March 21, 2023.
- Base salary increased to $450,000; target cash bonus set at $400,000 under new Cash Bonus Plan for 2023.
- CFO Javvis Jacobson receives target cash bonus of $90,000 under the same plan.
- LTIP grants consist of 80% restricted stock and 20% stock options, vesting over 3 years based on ROAA.
- Noone's LTIP award valued at $300,000 and Jacobson's at $270,000, assuming $10.00 stock price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000114036123014015/0001140361-23-014015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000114036123014015/brhc10050437_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-014015

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