Form 4: WAL Officer Sells Shares After Vesting
Insider Transaction Report
Western Alliance Bancorporation's Chief Credit Officer, Lynne Herndon, sold 57 shares of common stock following the vesting and exercise of cash-settled restricted stock units.
Summary
- Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation (WAL), reported transactions on August 15, 2025.
- Acquired 35 shares of common stock at a price of $0 through the exercise of cash-settled restricted stock units.
- Disposed of 35 shares of common stock at a price of $82.55.
- Acquired an additional 22 shares of common stock at a price of $0 through the exercise of cash-settled restricted stock units.
- Disposed of an additional 22 shares of common stock at a price of $82.55.
- Following these transactions, Lynne Herndon beneficially owns 1,359 shares of common stock directly.
- Remaining derivative holdings include 612 cash-settled restricted stock units from a batch vesting monthly from March 2024 to February 2027, and 662 cash-settled restricted stock units from a batch vesting monthly from March 2025 to February 2028.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine disclosure of an insider's transaction involving the exercise of vested units and subsequent sale of shares, which is common for executive compensation and does not indicate a significant positive or negative shift in company outlook.
Future Outlook
N/A
Industry Context
This filing is a routine disclosure of an insider's transaction and does not provide broader industry context or trends.
Related Party Transactions
- Sale of common stock by Chief Credit Officer Lynne Herndon, following the exercise of cash-settled restricted stock units.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine executive compensation transaction. No material impact on employees, customers, suppliers, or creditors.
Next Steps
- Continued monthly vesting of remaining Cash Settled Restricted Stock Units until February 2027 and February 2028.
Key Dates
| Date | Description |
|---|---|
| March 2024 | Beginning of 36-month vesting period for a batch of cash-settled restricted stock units. |
| March 2025 | Beginning of 36-month vesting period for a second batch of cash-settled restricted stock units. |
| 08/15/2025 | Date of reported stock transactions (acquisition and disposition). |
| 08/18/2025 | Signature date of the reporting person's attorney-in-fact. |
| February 2027 | End of 36-month vesting period for the first batch of cash-settled restricted stock units. |
| February 2028 | End of 36-month vesting period for the second batch of cash-settled restricted stock units. |
Keywords
Western Alliance Bancorporation, WAL, Lynne Herndon, Chief Credit Officer, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, Executive Compensation, Banking
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