Form 4: Western Alliance Bancorporation CEO Kenneth Vecchione Reports Stock Transactions
SEC Form 4 Filing
CEO Kenneth Vecchione reports acquisition and disposal of Western Alliance Bancorporation stock and restricted stock units.
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 February 6, 2025, Vecchione acquired 10,485 shares of common stock.
- On February 7 and 8, 2025, he disposed of 5,773 and 3,401 shares of common stock respectively at a price of $89.89.
- He also acquired 15,726 cash-settled restricted stock units and 5,519 restricted stock units on February 6, 2025.
- Following these transactions, Vecchione directly owns 447,611 shares of common stock and 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 standard SEC filing reporting stock transactions by an insider, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of the CEO.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Acquisition of 10,485 common stock shares and 15,726 cash-settled restricted stock units and 5,519 restricted stock units. |
| 02/07/2025 | Disposal of 5,773 common stock shares at $89.89. |
| 02/08/2025 | Disposal of 3,401 common stock shares at $89.89. |
| 02/10/2025 | Date of Form 4 signature. |
Keywords
Form 4, Western Alliance Bancorporation, WAL, Kenneth Vecchione, Stock, Restricted Stock Units, Beneficial Ownership, Transactions
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