First Western (MYFW) CEO sells shares after 7,005-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Western Financial Inc Chairman, CEO and President Scott C. Wylie reported a mix of equity compensation, tax withholding, and a small open-market sale of common stock. On May 1, 2026, he received 7,005 shares as a grant, described as restricted stock units that vest in five substantially equal annual installments beginning on May 1, 2027, subject to continued service.
Also on May 1 and May 4, a total of 3,347 shares were disposed of in tax-withholding transactions at $28.55 per share to cover obligations tied to equity awards. On May 5, 2026, he executed an open-market sale of 7,500 shares at $28.70 per share. Following these transactions, Wylie directly holds 757,812 shares of common stock and has an additional 2,000 shares reported as indirectly held by the Wylie Family Foundation, where he serves as President and Trustee while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,500 shares ($215,250)
Net Sell
5 txns
Insider
Wylie Scott C
Role
CHAIRMAN, CEO AND PRESIDENT
Sold
7,500 shs ($215K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,500 | $28.70 | $215K |
| Tax Withholding | Common Stock | 1,440 | $28.55 | $41K |
| Grant/Award | Common Stock | 7,005 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,907 | $28.55 | $54K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 757,812 shares (Direct, null);
Common Stock — 2,000 shares (Indirect, By Wylie Family Foundation)
Footnotes (1)
- Represents restricted stock units that vest in five substantially equal annual installments beginning on May 1, 2027, subject to the continued service of the reporting person. The reporting person serves as President and Trustee of the Wylie Family Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Open-market sale: 7,500 shares at $28.70
Stock grant: 7,005 shares
Tax withholding dispositions: 3,347 shares at $28.55
+2 more
5 metrics
Open-market sale
7,500 shares at $28.70
Common Stock sold on May 5, 2026
Stock grant
7,005 shares
Award on May 1, 2026; RSUs vest annually from May 1, 2027
Tax withholding dispositions
3,347 shares at $28.55
Code F transactions on May 1 and May 4, 2026
Direct holdings after transactions
757,812 shares
Common Stock directly owned following May 5, 2026 sale
Indirect foundation holdings
2,000 shares
Held by Wylie Family Foundation; Wylie disclaims full beneficial ownership
Key Terms
restricted stock units, open-market sale, tax-withholding disposition, beneficial ownership, +1 more
5 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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
What insider transactions did MYFW CEO Scott C. Wylie report?
Scott C. Wylie reported an equity grant, tax-withholding dispositions, and an open-market sale. He received 7,005 shares as a stock award, had 3,347 shares withheld for taxes, and sold 7,500 shares of First Western Financial common stock in the open market.
What stock award did MYFW grant to its CEO Scott C. Wylie?
Scott C. Wylie received a grant of 7,005 shares, reported as restricted stock units. These units vest in five substantially equal annual installments starting May 1, 2027, and vesting is conditioned on his continued service with First Western Financial.