Form 4: Western Alliance Bancorporation CEO Kenneth Vecchione Reports Stock Transactions

Western Alliance Bancorporation's CEO, Kenneth Vecchione, reported the acquisition and disposal of company stock and restricted stock units on December 15, 2024.

Summary

• Kenneth Vecchione, the President and CEO of Western Alliance Bancorporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 15, 2024, Mr. Vecchione acquired 539 shares of common stock through the vesting of cash-settled restricted stock units.
• Also on December 15, 2024, he disposed of 539 shares of common stock at a price of $91.09 per share.
• Following these transactions, Mr. Vecchione directly owns 446,300 shares of common stock.
• He also indirectly owns 1,950 shares through a 401K plan and 750 shares through a UTMA account for his daughter.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a factual report of stock transactions.

Industry Context

This is a routine filing for a company executive and is common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US.
• The transactions reported are typical for executives who receive stock-based compensation.
• The reporting requirements are consistent across all companies listed on the SEC.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Western Alliance Bancorporation, Kenneth Vecchione, Restricted Stock Units, Insider Trading