FirstSun (FSUN) CAO gets RSU awards, ends with 16,514 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRSTSUN CAPITAL BANCORP Chief Administrative Officer Laura J. Frazier reported equity awards and related tax withholding in common stock. She received 5,485 shares as a time-vesting restricted stock unit award and 4,751 shares delivered upon vesting of performance-based restricted stock units granted under the Long-Term Incentive Plan. In connection with the vesting, 1,883 shares were withheld at $36.46 per share to cover tax obligations, a non-market disposition. After these transactions, she directly holds 16,514 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Frazier Laura J
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.0001 par value | 5,485 | $0.00 | -- |
| Grant/Award | Common Stock, $0.0001 par value | 4,751 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.0001 par value | 1,883 | $36.46 | $69K |
Holdings After Transaction:
Common Stock, $0.0001 par value — 13,646 shares (Direct)
Footnotes (1)
- Award of time-vesting restricted stock units that vest in three equal annual installments on the anniversary of the grant date. Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on April 1, 2023, under the company's Long- Term Incentive Plan and vested upon achievement of performance goals for the applicable three-year performance period. Shares withheld on vesting of restricted stock unit awards to cover tax withholding. Based on market closing price on the day before the transaction date.
Key Figures
Time-vesting RSU award: 5,485 shares
Performance-based RSU vesting delivery: 4,751 shares
Shares withheld for taxes: 1,883 shares
+2 more
5 metrics
Time-vesting RSU award
5,485 shares
Restricted stock units vesting in three equal annual installments
Performance-based RSU vesting delivery
4,751 shares
Shares delivered upon vesting of performance-based RSUs granted April 1, 2023
Shares withheld for taxes
1,883 shares
Withheld on vesting of RSU awards to cover tax withholding
Tax withholding price
$36.46 per share
Based on market closing price on the day before the transaction date
Holdings after tax withholding
16,514 shares
Total FirstSun common shares directly held after all reported transactions
Key Terms
restricted stock units, time-vesting restricted stock units, performance-based restricted stock units, Long-Term Incentive Plan, +1 more
5 terms
restricted stock units financial
"Award of time-vesting restricted stock units that vest in three equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-vesting restricted stock units financial
"Award of time-vesting restricted stock units that vest in three equal annual installments"
performance-based restricted stock units financial
"Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Long-Term Incentive Plan financial
"granted to the reporting person on April 1, 2023, under the company's Long- Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax withholding financial
"Shares withheld on vesting of restricted stock unit awards to cover tax withholding."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
What insider transactions did FSUN executive Laura J. Frazier report?
Laura J. Frazier reported equity compensation transactions in FirstSun Capital Bancorp common stock. She received 5,485 time-vesting restricted stock units and 4,751 shares from vesting performance-based awards, with 1,883 shares withheld to cover tax obligations related to the vesting events.
What restricted stock awards did FSUN grant to Laura J. Frazier?
Laura J. Frazier received 5,485 time-vesting restricted stock units that vest in three equal annual installments on the grant anniversary. She also received 4,751 shares from performance-based restricted stock units that vested after achieving goals over a three-year performance period under the Long-Term Incentive Plan.
How are Laura J. Frazier’s FSUN restricted stock units scheduled to vest?
The time-vesting restricted stock units granted to Laura J. Frazier vest in three equal annual installments on each anniversary of the grant date. This schedule spreads the compensation over multiple years, aligning her equity awards with continued service and long-term company performance.