Director Luke Latimer of First Western (MYFW) granted 974 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Latimer Luke A reported acquisition or exercise transactions in this Form 4 filing.
First Western Financial Inc director Luke A. Latimer received an equity award of 974 restricted stock units of common stock. The units were granted at no cash cost and will vest in five substantially equal annual installments beginning on June 3, 2027, subject to his continued service. Following this grant, Latimer holds a total of 57,547 shares of the company’s common stock directly. This filing reflects routine, compensation-related stock-based awards rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Latimer Luke A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 974 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 57,547 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 974 units
Grant price: $0.00 per share
Total holdings after grant: 57,547 shares
+2 more
5 metrics
RSUs granted
974 units
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Equity award granted at no cash cost
Total holdings after grant
57,547 shares
Director’s direct ownership following the transaction
Vesting start date
June 3, 2027
First of five annual vesting installments
Number of installments
5 annual installments
Vesting schedule for restricted stock units
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock
3 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.
Grant, award, or other acquisition financial
"transaction code description is "Grant, award, or other acquisition" for this entry"
Common Stock financial
"security title is listed as "Common Stock" for the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did the MYFW Form 4 report for director Luke A. Latimer?
The Form 4 reports that director Luke A. Latimer received an award of 974 restricted stock units of First Western Financial Inc common stock. These are part of his equity compensation and not an open-market stock purchase or sale.
Is the MYFW insider transaction a stock purchase or a compensation grant?
The MYFW insider transaction is a compensation-related grant, not an open-market purchase. The Form 4 uses transaction code A, described as a “Grant, award, or other acquisition,” and the price per share is reported as $0.00.
What is the vesting schedule for Luke A. Latimer’s 974 MYFW restricted stock units?
Latimer’s 974 restricted stock units vest in five substantially equal annual installments beginning on June 3, 2027. Vesting is conditioned on his continued service with First Western Financial Inc over that period.
Does the MYFW Form 4 indicate any derivative or option exercises by Luke A. Latimer?
The Form 4 does not report any derivative or option exercises for Luke A. Latimer. It shows only a single non-derivative transaction: the grant of 974 restricted stock units of common stock as equity compensation.