secwatch.observer — SEC 8-K summary
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Issuer:     First Western Financial Inc (MYFW)
CIK:        0001327607
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001327607-24-000078
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327607/000132760724000078/0001327607-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327607/000132760724000078/myfw-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001327607-24-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer