Form 4: West Bancorporation CEO David D. Nelson Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David D. Nelson, CEO and President of West Bancorporation, disposed of shares to cover payroll taxes upon the vesting of restricted stock units.
Summary
- On March 25, 2025, David D. Nelson, CEO and President of West Bancorporation, disposed of 7,152 shares of common stock at a price of $20.02 per share to cover payroll taxes.
- This transaction was related to the vesting and issuance of restricted stock units.
- Following the transaction, Nelson directly owns 117,714 shares of West Bancorporation common stock.
- Nelson also indirectly owns 98,034 shares through the Katherine A. Nelson Rev Trust and 30,190 shares through a 401(k) Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/25/2025 | Date of stock disposal and vesting of restricted stock units. |
| 03/26/2025 | Date of signature on the Form 4 filing. |
Keywords
West Bancorporation, WTBA, David D. Nelson, Stock Disposal, Form 4, Insider Trading, Restricted Stock Units, Payroll Taxes
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