Form 4: West Bancorporation CEO Transfers Shares to Revocable Trust, Updates Beneficial Ownership
SEC Form 4 Filing
West Bancorporation CEO David D. Nelson transferred shares to the Katherine A. Nelson Revocable Trust and updated his beneficial ownership holdings.
Summary
- On May 6, 2025, David D. Nelson, CEO and President of West Bancorporation, transferred 9,423 shares of common stock to the Katherine A. Nelson Revocable Trust.
- This transfer was a disposition of shares directly owned by Nelson.
- Following the transaction, Nelson directly owns 108,291 shares.
- Nelson also indirectly owns 107,457 shares through the Katherine A. Nelson Revocable Trust.
- Additionally, Nelson indirectly owns 30,526 shares through a 401(k) plan.
- 336 shares were acquired pursuant to dividend reinvestment purchases in the employee savings plan 401(k) during the period from January 1, 2025 through March 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding share transfers, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership structure and any changes in holdings by key executives.
Related Party Transactions
- The transfer of shares to the Katherine A. Nelson Revocable Trust is a related party transaction.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it primarily involves a transfer of ownership between the CEO and a related trust.
Key Dates
| Date | Description |
|---|---|
| January 1, 2025 | Start date for dividend reinvestment purchases in the employee savings plan 401(k). |
| March 31, 2025 | End date for dividend reinvestment purchases in the employee savings plan 401(k). |
| May 6, 2025 | Date of the share transfer to Katherine A. Nelson Revocable Trust. |
| May 7, 2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, Form 4, West Bancorporation, WTBA, David D. Nelson, Katherine A. Nelson Revocable Trust, share transfer, 401(k), dividend reinvestment
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