Form 4: West Bancorporation CEO David D. Nelson Reports Stock Transaction
SEC Form 4 Filing
David D. Nelson, CEO and President of West Bancorporation, reports the disposition of 8,254 shares of common stock to cover payroll taxes related to vesting restricted stock units.
Summary
- On March 25, 2024, David D. Nelson, CEO and President of West Bancorporation, disposed of 8,254 shares of common stock.
- The transaction was executed to cover payroll taxes due upon the vesting and issuance of restricted stock units.
- The price per share for the transaction was $17.1.
- Following the transaction, Nelson directly owns 115,083 shares of West Bancorporation common stock.
- Nelson also indirectly owns 88,088 shares through the Katherine A. Nelson Rev Trust and 28,677 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 on vested stock.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock activity related to compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of stock transaction where 8,254 shares were disposed of to cover payroll taxes. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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