Form 4: Western Alliance Bancorporation CEO Kenneth Vecchione Reports Stock Transactions
SEC Form 4 Filing
Kenneth Vecchione, CEO of Western Alliance Bancorporation, reports the vesting and settlement of cash-settled restricted stock units and subsequent disposition of shares.
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 15, 2025, 539 cash-settled restricted stock units vested and were settled.
- Vecchione disposed of 539 shares of common stock at a price of $88.75 per share.
- Following these transactions, Vecchione directly owns 447,611 shares of Western Alliance Bancorporation common stock.
- He also indirectly owns 1,950 shares through a 401K plan and 750 shares through a UTMA account for his daughter, Darcy Vecchione.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The vesting of restricted stock units is part of the executive compensation plan, impacting the CEO's overall remuneration.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Date used to calculate shares held in the 401K Plan to include employer match. |
| 02/15/2025 | Date of the stock unit vesting and settlement, and the disposition of shares. |
| 02/19/2025 | Date of the Form 4 filing. |
| March 2024 February 2027 | Vesting schedule for the cash-settled restricted stock units, with 1/36th vesting on the 15th of each month. |
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