other
confidence high
sentiment neutral
materiality 0.50
Amended employment agreements for CEO, CFO, CIO; updated severance multiples and equity vesting
First Western Financial Inc
- Scott Wylie (Chairman/CEO) severance: 2x Base Amount (non-CIC) or 2.99x (CIC), plus pro-rata equity vesting.
- Julie Courkamp (CFO/COO/Treasurer) and John Sawyer (CIO) similar amendments to align cash/equity severance to market.
- 2016 Omnibus Incentive Plan amended to allow continued vesting of awards upon retirement (age 65 + 10 years service).
- All amendments effective April 26, 2023, based on Alvarez & Marsal competitive market data.