Norris Jennifer 4
Research Summary
AI-generated summary
FIRSTSUN (FSUN) CCO Jennifer Norris Receives Stock Award; Shares Withheld
What Happened
Jennifer Norris, Chief Credit Officer of FIRSTSUN CAPITAL BANCORP (FSUN), was granted a total of 9,443 restricted stock units (RSUs) on April 1, 2026 (5,485 time-vesting RSUs and 3,958 performance-based RSUs). As part of the vesting/settlement, 1,368 shares were withheld to satisfy tax withholding obligations, a disposition valued at $49,877 (1,368 shares × $36.46).
Key Details
- Transaction dates: April 1, 2026 (grants/vesting and withholding); Form 4 filed April 2, 2026 (timely).
- Grants / Acquisitions: 5,485 RSUs @ $0.00 and 3,958 RSUs @ $0.00 (treated as awards).
- Disposition (tax withholding): 1,368 shares withheld @ $36.46 = $49,877 (price based on prior day’s close).
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: F1 = time-vesting RSUs vest in three equal annual installments; F2 = performance-based RSUs granted 4/1/2023 vested after meeting 3-year performance goals; F3 = shares withheld to cover tax withholding; F4 = price based on prior close.
- Transaction codes: A = award/grant, F = tax withholding (routine withholding, not an open-market sale).
Context
These transactions reflect equity compensation vesting and routine tax withholding rather than an open-market purchase or a voluntary sale. Performance-based RSUs vested upon achievement of prior performance goals; time-vesting RSUs will vest per the stated schedule. Withholding of shares to cover taxes is standard practice and does not necessarily indicate a buying or selling signal by the insider.