FinWise Bancorp adopts 2023 executive comp program for CEO Landvatter with target bonus $240K, equity grants

Finwise Bancorp

Cash bonus plan based on pre-tax net income; target bonus $240K for 2023, range $0 to max.
LTIP grants: 56,000 restricted stock and option for 28,866 shares at $8.62, vesting over three years on ROAA.
Plan aligns with previously disclosed employee programs; Compensation Committee may adjust bonus up to 25% for risk.
No departure or election; program is for Chairman, CEO and President Kent Landvatter.

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