---
schema_version: "secwatch.filing_event.v1"
accession: "0001327607-24-000078"
form_type: "8-K"
ticker: "MYFW"
cik: "0001327607"
company_name: "First Western Financial Inc"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:19:41.622070+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001327607-24-000078
- form_type: 8-K
- ticker: MYFW
- cik: 0001327607
- company_name: First Western Financial Inc
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000078/0001327607-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000078/myfw-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327607-24-000078
- JSON: https://secwatch.observer/filing/0001327607-24-000078.json
- Plain text: https://secwatch.observer/filing/0001327607-24-000078.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.