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  4. [Form 4] First Western Financial Inc Insider Trading Activity

Director at First Western (NASDAQ: MYFW) receives 974 stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Smith Mark L reported acquisition or exercise transactions in this Form 4 filing.

First Western Financial Inc director Mark L. Smith received an equity award of 974 restricted stock units representing common stock. The units were granted at no cash cost as compensation rather than an open-market purchase.

The award vests in five substantially equal annual installments beginning on June 3, 2027, subject to his continued service. After this grant, Smith’s reported direct holdings total 53,626 shares of common stock, showing this grant is a small addition to an existing position.

Positive

  • None.

Negative

  • None.
Insider Smith Mark L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 974 $0.00 --
Holdings After Transaction: Common Stock — 53,626 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock units granted 974 units Equity award to director Mark L. Smith
Grant price per unit $0.00 Compensation grant, not open-market purchase
Total holdings after grant 53,626 shares Director’s direct holdings following transaction
Vesting start date June 3, 2027 First of five annual vesting installments
Vesting schedule 5 annual installments Substantially equal installments, service-based vesting
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
"units that vest in five substantially equal annual installments beginning on June 3, 2027"
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Smith Mark L
(Last)(First)(Middle)
1900 16TH STREET, SUITE 1200
(Street)
DENVER COLORADO 80202
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
First Western Financial Inc [ MYFW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/03/2026A974(1)A$053,626D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
Remarks:
/s/ Julie A. Courkamp, Attorney-in-Fact06/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did First Western Financial (MYFW) director Mark L. Smith receive in this Form 4 filing?

Mark L. Smith received an award of 974 restricted stock units as compensation. These units represent shares of First Western Financial common stock and were granted at no cash cost, increasing his direct reported holdings to 53,626 shares after the transaction.

How do the 974 restricted stock units for MYFW’s director vest over time?

The 974 restricted stock units vest in five substantially equal annual installments. Vesting begins on June 3, 2027, and each installment requires the director’s continued service with First Western Financial, spreading the benefit of the award over multiple years.

Was the MYFW director’s Form 4 transaction an open-market stock purchase or sale?

The transaction reported was not an open-market trade. It was a grant of 974 restricted stock units at a price of $0.00 per unit, classified as a compensation-related award rather than a voluntary market purchase or sale of First Western Financial shares.

What are Mark L. Smith’s total reported MYFW holdings after this restricted stock grant?

After receiving the 974 restricted stock units, Mark L. Smith’s total reported direct holdings are 53,626 shares of First Western Financial common stock. This figure reflects his position following the award recorded in the Form 4 filing.

What conditions apply to the vesting of the MYFW director’s 974 restricted stock units?

The restricted stock units vest only if the director continues serving the company. They vest in five substantially equal annual installments starting June 3, 2027, so ongoing service with First Western Financial is required for him to receive each portion.