Key Highlights

• Shareholders approved an addition of 750,000 shares, raising the 2019 Stock Plan pool to 2,530,000 shares.

• Voting rights encompassed 13,706,039 shares, while 11,183,721 shares were actually represented at the meeting.

• The board’s April 28, 2026 resolution to amend the plan was ratified by shareholders on June 25, 2026.

Finwise Bancorp (NASDAQ: FINW) disclosed that its shareholders approved a substantial amendment to its 2019 Stock Plan at the June 25, 2026 annual meeting. The amendment adds 750,000 shares, increasing the total pool available for employee awards to 2,530,000 shares.

Stock Plan Expansion

The board had authorized the amendment on April 28, 2026, and the proposal was presented to investors alongside other governance items. Executive officers indicated they will continue to participate under the revised plan. The increase aims to enhance talent retention and align compensation with market benchmarks.

Shareholder Voting Strength

Eligible shareholders held voting rights on 13,706,039 shares of common stock. Attendance, whether in person or by proxy, represented 11,183,721 shares, demonstrating robust engagement from the investor base. The vote confirmed the board’s authority to allocate the additional shares.

Director Elections Confirmed

Two director nominees were elected to serve until the 2029 annual meeting or until successors are chosen. The elections were uncontested, with each nominee receiving sufficient votes to secure the position. The new directors join the existing board to guide strategic initiatives.

The firm will oversee audit compliance and financial reporting standards.

Regulatory Filing Updated

Finwise Bancorp filed an amendment to its Form 8‑K to correct a scrivener’s error in the original Exhibit 10.1 filing of the 2019 Stock Plan. The amendment restates the agreement in full, ensuring compliance with SEC regulations. No other information in the filing was changed.

 

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.