Weber David R. 4
Research Summary
AI-generated summary
First Western (MYFW) CFO David R. Weber Receives RSUs, Sells Shares
What Happened
David R. Weber, Chief Financial Officer of First Western Financial Inc. (MYFW), received a grant of 668 restricted stock units (RSUs) on 2026-05-01 (reported as an award, code A). Separately, 342 shares were disposed to satisfy tax/payment obligations: 240 shares on 2026-05-01 and 102 shares on 2026-05-04, each at $28.55 per share for total proceeds of $6,852 and $2,912 respectively (combined $9,764). The disposals are reported under transaction code F (payment of exercise price or tax liability) and are generally routine tax-withholding actions rather than open-market selling for investment purposes.
Key Details
- Transaction dates and prices: 668 RSUs granted on 2026-05-01 (value reported $0); 240 shares disposed 2026-05-01 at $28.55; 102 shares disposed 2026-05-04 at $28.55.
- Total value of disposals: $9,764 (240 × $28.55 = $6,852; 102 × $28.55 = $2,912).
- Shares owned after transaction: not disclosed in the Form 4 filing.
- Footnote: The 668 RSUs vest in five substantially equal annual installments beginning May 1, 2027, subject to continued service (footnote F1).
- Filing timeliness: Form 4 filed 2026-05-05 reporting 2026-05-01 transactions; this filing is within the typical two-business-day window and is therefore timely.
- Transaction codes: A = award/grant; F = payment of exercise price or tax liability (i.e., shares used/withheld to cover tax obligations).
Context
RSU grants are a form of compensation and are not market purchases; they typically indicate retention/compensation rather than a direct bullish or bearish signal. The reported share disposals were to satisfy tax or payment obligations (routine), not a public open-market sale intended to raise cash for unrelated reasons. The RSUs will vest over future years per the disclosed schedule, so future taxable events and potential withholding/sales may occur at vesting.