Short answer
FIRSTSUN CAPITAL BANCORP (FSUN) filed an 8-K current report with the SEC on July 1, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). FirstSun board approved a new Executive Annual Incentive Plan effective July 1, 2026.
FIRSTSUN CAPITAL BANCORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- FirstSun board approved a new Executive Annual Incentive Plan effective July 1, 2026
- Annual cash bonuses tied to selected financial and operational metrics, including earnings, capital, credit quality, margins and efficiency
- Compensation Committee sets executive eligibility, threshold, target and maximum awards annually
- Committee retains authority to adjust, waive or increase/decrease payouts, creating significant discretion over compensation outcomes
- Executives generally must remain employed through payment date to receive awards, subject to specified exceptions
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