Corporate GovernanceJul 1, 2026, 04:43 PM
FirstSun Capital Bancorp Approves Executive Annual Incentive Plan
AI Summary
FirstSun Capital Bancorp's board of directors approved the Executive Annual Incentive Plan on July 1, 2026, based on the recommendation of its Compensation and Succession Committee. The plan outlines various key performance objectives, including financial and non-financial metrics, to determine cash incentive payments for eligible executives. The Compensation Committee will administer the plan, selecting participants and establishing award amounts based on achievement levels of the defined performance measures.
Key Highlights
- FirstSun Capital Bancorp's board approved the Executive Annual Incentive Plan.
- The plan was recommended by the Compensation and Succession Committee.
- Performance measures include asset quality, balance sheet growth, cash earnings, and capital ratios.
- Other criteria include cost control, customer satisfaction, efficiency ratio, and net income.
- The Compensation Committee will select participants and set Threshold, Target, and Maximum Awards.
- The plan is administered by the Compensation Committee, with full authority over awards.
- Incentive payments require employment on the payment date, with exceptions for death, disability, or retirement.
Price Impact
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