FIRSTSUN CAPITAL BANCORP 8-K

What Happened

• FirstSun Capital Bancorp announced that on July 1, 2026 its board, based on a recommendation from the Compensation and Succession Committee, approved an Executive Annual Incentive Plan to govern annual cash incentive awards for selected executives.
• The Compensation Committee will annually select eligible executives, set each participant’s Threshold, Target and Maximum Award (by dollar amount or as a percentage of base salary), and establish one or more performance measures and a formula tying awards to levels of achievement. The plan is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Approval date: July 1, 2026; plan recommended by the Compensation and Succession Committee.
• Award structure: each participant will have Threshold, Target and Maximum Award levels set annually (dollar amounts or % of base salary).
• Performance measures: wide-ranging financial and nonfinancial metrics may be used (examples include asset and credit quality, loan/deposit growth, cash earnings, ROA/ROE/ROTE, efficiency ratio, liquidity, net income per share, market share and share price).
• Payout conditions: except for death, disability or retirement (or Committee approval or a written employment agreement), no incentive payment will be made if the participant is not employed on the payment date. The Compensation Committee has broad authority to administer and interpret the plan (and the full Board may exercise those powers).

Why It Matters

• This plan formalizes how FirstSun will award annual cash incentives to executives, tying pay to specified performance measures. For investors, that matters because it can affect executive behavior and priorities (focus on earnings, capital ratios, growth, efficiency, etc.) and could influence cash compensation expense in future periods.
• The plan’s flexibility (broad menu of performance metrics and Committee discretion) gives the board room to align incentives with corporate goals but also places emphasis on disclosure and governance around how targets and payouts are set.