First Western adopts NEO incentive plan linking cash bonuses to annual financial goals

First Western Financial Inc

Plan effective Jan 1, 2024; ties NEO bonuses to gross revenues, ROE, EBT, operating EPS, and qualitative goals.
Compensation Committee retains discretion to adjust formulaic payouts based on performance.
Awards subject to clawback policy and forfeiture if NEO leaves before year-end (unless employment agreement specifies).
CEO approves plans for other NEOs; Compensation Committee approves CEO's plan.

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