Form 4: West Bancorporation CEO David Nelson Acquires Additional Shares
SEC Form 4 Filing
David Nelson, CEO and President of West Bancorporation, recently purchased 730 shares of the company's common stock at a price of $19.04 per share.
Summary
- On August 21, 2024, David Nelson, the CEO and President of West Bancorporation, acquired 730 shares of common stock at $19.04 per share.
- Following this transaction, Nelson directly owns 106,635 shares.
- Nelson also indirectly owns 98,034 shares through the Katherine A. Nelson Rev Trust and 29,488 shares through a 401(k) plan.
- 408 shares were acquired pursuant to dividend reinvestment purchases in the employee savings plan 401(k) during the period from April 1, 2024 through June 30, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. It reflects insider confidence but is a routine transaction.
Positives
- The CEO's purchase of shares may signal confidence in the company's future performance.
Industry Context
Insider buying is often seen as a positive sign, suggesting that company leadership believes the stock is undervalued.
Stakeholder Impact
- The purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| April 1, 2024 | Start date of the period for dividend reinvestment purchases in the employee savings plan 401(k). |
| June 30, 2024 | End date of the period for dividend reinvestment purchases in the employee savings plan 401(k). |
| August 21, 2024 | Date of the transaction where David Nelson purchased 730 shares of common stock. |
| August 23, 2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.