Form 4: West Bancorporation CEO David Nelson Transfers Shares to Revocable Trust, Updates Beneficial Ownership
SEC Form 4 Filing
CEO David Nelson of West Bancorporation Inc. reports a transfer of shares to the Katherine A. Nelson Revocable Trust and updates holdings in the 401(k) plan.
Summary
- On April 2, 2024, David D. Nelson, CEO and President of West Bancorporation Inc., reported changes in beneficial ownership of the company's common stock.
- Nelson transferred 9,946 shares of common stock to the Katherine A. Nelson Revocable Trust.
- Following the transaction, Nelson directly owns 105,137 shares.
- The Katherine A. Nelson Revocable Trust now holds 98,034 shares.
- Additionally, Nelson's 401(k) plan acquired 403 shares through dividend reinvestment between January 1, 2024, and March 31, 2024, bringing the total shares held in the 401(k) to 29,080.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are closely watched by investors for signals about management's confidence in the company's prospects.
Related Party Transactions
- The transfer of shares to the Katherine A. Nelson Revocable Trust constitutes a related party transaction.
Stakeholder Impact
- The transaction itself has minimal direct impact on stakeholders, as it is a transfer of ownership rather than a sale or purchase on the open market.
- However, stakeholders may interpret insider transactions as a signal of management's confidence (or lack thereof) in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Start date for dividend reinvestment purchases in the employee savings plan 401(k). |
| 03/31/2024 | End date for dividend reinvestment purchases in the employee savings plan 401(k). |
| 04/02/2024 | Date of the transaction where shares were transferred to Katherine A. Nelson Revocable Trust. |
| 04/03/2024 | Date of signature for the report. |
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