First Western Financial (MYFW) director granted 974 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamill Patrick H reported acquisition or exercise transactions in this Form 4 filing.
First Western Financial Inc director Patrick H. Hamill received a grant of 974 restricted stock units as equity compensation. The award was made at no cash cost to him and increases his direct holdings to 165,229 shares of Common Stock.
The restricted stock units vest in five substantially equal annual installments beginning on June 3, 2027, and require Mr. Hamill’s continued service with the company to fully vest. This is a routine director compensation award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hamill Patrick H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 974 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 165,229 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 974 shares
Grant price: $0.00 per share
Post-transaction holdings: 165,229 shares
+2 more
5 metrics
RSU grant size
974 shares
Restricted stock units granted to director on June 3, 2026
Grant price
$0.00 per share
Equity award, no cash paid by director
Post-transaction holdings
165,229 shares
Director’s direct Common Stock holdings after grant
Vesting installments
5 annual installments
RSUs vest in substantially equal tranches
Vesting start date
June 3, 2027
First vesting date for restricted stock units
Key Terms
restricted stock units, vest, annual installments, continued service
4 terms
restricted stock units financial
"Represents restricted stock units that vest in five substantially 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.
vest financial
"restricted stock units that vest in five substantially equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual installments financial
"vest in five substantially equal annual installments beginning on June 3, 2027"
continued service financial
"beginning on June 3, 2027, subject to the continued service of the reporting person"
FAQ
What insider transaction did First Western Financial (MYFW) report for Patrick H. Hamill?
First Western Financial reported that director Patrick H. Hamill received 974 shares of Common Stock through a restricted stock unit grant. The award is compensation, carries no purchase price, and increases his direct holdings to 165,229 shares following the transaction.
Is Patrick H. Hamill’s MYFW Form 4 transaction a stock purchase or a compensation grant?
The transaction is a compensation grant, not an open-market stock purchase. Patrick H. Hamill received 974 restricted stock units at a price of $0.00 per share, reflecting a director equity award that vests over time based on continued service.
When do Patrick H. Hamill’s newly granted MYFW restricted stock units vest?
The 974 restricted stock units vest in five substantially equal annual installments beginning on June 3, 2027. Vesting is conditioned on Patrick H. Hamill’s continued service with First Western Financial, meaning he must remain in service for the units to fully vest.
What does the vesting schedule mean for MYFW director Patrick H. Hamill’s stock award?
The vesting schedule means Patrick H. Hamill will receive portions of the 974-share award each year over five years, starting June 3, 2027. He does not fully own all units immediately; continued service is required for each installment to become fully his.