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First Western Financial Executive Compensation (FY25)

MYFW · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 5, 2026
168 figures on this page: 165 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
The compensation disclosed runs fiscal 2022 through fiscal 2025. Separately, the fiscal 2025 disclosure covers 3 named executive officers, and companies named in the disclosed peer group include Alerus Financial Corporation, Blue Ridge Bankshares, Inc., Capital Bancorp, Inc., Coastal Financial Corporation and Financial Institutions, Inc., among others. Shareholders supported the say-on-pay proposal with 80.0% of votes cast for or against in favor at the meeting held June 3, 2026 for fiscal 2025.
Latest say-on-pay support
=
June 3, 2026
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Wylie: $1,262,464 → $2,645,442 (109.5% higher)
Say-on-pay support: 92.7% → 80.0% (12.7 points lower)

Frequently asked questions

Answers drawn from the data on this page.
What was First Western Financial's say-on-pay result?
Shareholders supported the say-on-pay proposal with 80.0% of votes cast for or against in favor at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in First Western Financial's peer group?
Companies named in the disclosed peer group include Alerus Financial Corporation, Blue Ridge Bankshares, Inc., Capital Bancorp, Inc., Coastal Financial Corporation and Financial Institutions, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Wylie
Chairman, Chief Executive Officer, and President of First Western Financial, Inc.
◇—◇—◇—◇◇
Julie Courkamp
Director, Chief Operating Officer, and President of First Western Trust Bank
◇—◇—◇—◇◇
John Sawyer
Former Chief Investment Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Wylie
Chairman, Chief Executive Officer, and President of First Western Financial, Inc.
◇—◇—◇—◇◇
Julie Courkamp
Director, Chief Operating Officer, and President of First Western Trust Bank
◇—◇—◇—◇◇
John Sawyer
Former Chief Investment Officer
Departed during or after this year
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Wylie
Chairman, Chief Executive Officer, and President of First Western Financial, Inc.
◇—◇—◇—◇◇
Julie Courkamp
Director, Chief Operating Officer, and President of First Western Trust Bank
◇—◇—◇—◇◇
Matthew Cassell
Chief Banking Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Wylie
Chairman, Chief Executive Officer, and President of First Western Financial, Inc.
◇—◇—◇—◇◇
Julie Courkamp
Director, Chief Operating Officer, and President of First Western Trust Bank
◇—◇—◇—◇◇
Matthew Cassell
Chief Revenue Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Julie A. CourkampPSU◇—◇———◇
Matthew C. CassellPSU◇—◇———◇
Scott C. WyliePSU◇—◇———◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Matthew CassellPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Scott WylieRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Julie CourkampRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Luke A. Latimer
◇◇————◇
Julie A. Caponi
◇◇————◇
Mark L. Smith
◇◇————◇
Patrick H. Hamill
◇◇————◇
Ellen S. Robinson
◇◇————◇
David R. Duncan
◇◇————◇
Joseph C. Zimlich
Lead independent director
◇◇————◇
Thomas A. Gart
◇◇————◇
Scott C. Mitchell
◇◇————◇
Julie A. Courkamp and Scott C. Wylie served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual retainer ($100,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alerus Financial Corporation ALRS
  • Blue Ridge Bankshares, Inc. BRBS
  • Capital Bancorp, Inc. CBNK
  • Coastal Financial Corporation CCB
  • Financial Institutions, Inc. FISI
  • First Business Financial Services, Inc. FBIZ
  • First Foundation Inc. FFWM
  • Greene County Bancorp, Inc. GCBC
  • Mid Penn Bancorp, Inc. MPB
  • National Bank Holdings Corporation NBHC
  • Peapack-Gladstone Financial Corporation PGC
  • Univest Financial Corporation UVSP
  • Washington Trust Bancorp, Inc. WASH
  • West Bancorporation, Inc. WTBA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 3, 2026=◇◇◇
2024June 4, 2025=◇◇◇
2023June 5, 2024=◇◇◇
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What this page does not include

Everything above is a fact First Western Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Western Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
168 figures on this page: 165 cited to the filing that reported them, 3 calculated from figures it prints.
165 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001628280-26-041206
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-027213
    Director Compensation · EXECUTIVE COMPENSATION · Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table
  3. 0001327607-25-000071
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001327607-25-000035
    Summary Compensation Table
  5. 0001327607-24-000141
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001327607-24-000077
    Summary Compensation Table
  7. 0001327607-23-000044
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “First Western Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MYFW (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Western Financial discloses

The companies named in MYFW's own disclosed peer group.

Alerus Financial CorporationBlue Ridge Bankshares, Inc.Capital Bancorp, Inc.Coastal Financial CorporationFinancial Institutions, Inc.First Business Financial Services, Inc.Greene County Bancorp, Inc.Mid Penn Bancorp, Inc.National Bank Holdings CorporationPeapack-Gladstone Financial CorporationUnivest Financial CorporationWashington Trust Bancorp, Inc.West Bancorporation, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy