First Western Financial (NASDAQ: MYFW) director granted 974 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gart Thomas A reported acquisition or exercise transactions in this Form 4 filing.
First Western Financial Inc director Gart Thomas A reported receiving a grant of 974 shares of common stock in the form of restricted stock units. These units carry no purchase price and will vest in five substantially equal annual installments beginning on June 3, 2027, as long as he continues in service.
After this grant, he directly holds 25,493 shares of common stock. An additional 72,909 shares are reported as indirectly owned through Gart Investments, where he serves as Managing Partner and disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gart Thomas A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 974 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,493 shares (Direct, null);
Common Stock — 72,909 shares (Indirect, By Gart Investments)
Footnotes (1)
- Represents restricted stock units that vest in five substantially equal annual installments beginning on June 3, 2027, subject to the continued service of the reporting person. The reporting person serves as Managing Partner of Gart Investments. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
RSU grant size: 974 shares
Vesting schedule: 5 annual installments
Direct holdings after grant: 25,493 shares
+3 more
6 metrics
RSU grant size
974 shares
Restricted stock units granted at $0.00 per share
Vesting schedule
5 annual installments
Beginning June 3, 2027, subject to continued service
Direct holdings after grant
25,493 shares
Common stock directly held following the award
Indirect holdings
72,909 shares
Common stock held indirectly through Gart Investments
Grant price
$0.00 per share
Restricted stock unit grant with no cash paid
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units, pecuniary interest, beneficial ownership, Section 16 of the Securities Exchange Act of 1934, +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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership regulatory
"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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
indirect ownership financial
"The reporting person serves as Managing Partner of Gart Investments"
FAQ
What insider transaction did Gart Thomas A report for MYFW?
Director Gart Thomas A reported receiving 974 restricted stock units of First Western Financial common stock as a compensation grant. The units carry no purchase price and vest over five years, beginning June 3, 2027, subject to his continued service.
What are the vesting terms of the 974 restricted stock units in MYFW?
The 974 restricted stock units vest in five substantially equal annual installments starting June 3, 2027. Vesting is conditioned on the continued service of Gart Thomas A, meaning he must remain in his role for the units to fully vest.
Does this MYFW Form 4 show any insider sales by Gart Thomas A?
The Form 4 does not report any sales. It shows one acquisition of 974 restricted stock units as a grant and a separate line reflecting 72,909 shares held indirectly by Gart Investments, with no sale transactions recorded in this filing.