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 associated stock transactions.
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 July 15, 2024, 539 cash-settled restricted stock units vested and were settled, resulting in the acquisition of 539 shares at $0 and the disposition of 539 shares at $69.84.
- Following these transactions, Vecchione directly owns 446,300 shares of Western Alliance Bancorporation common stock.
- Vecchione also indirectly owns 1,950 shares through a 401K plan, 750 shares through the Darcy Vecchione UTMA (daughter), 456 shares through the Alexander Vecchione (son), and 750 shares through the Greenspring Revocable Trust.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions related to executive compensation. It doesn't necessarily indicate positive or negative sentiment, but rather provides transparency into insider activity.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/--/2024 | Cash settled restricted stock units vest 1/36th on the 15th day of each month during the 36-month period beginning March 2024 |
| 07/11/2024 | Shares held in the 401K Plan to include employer match as of this date. |
| 07/15/2024 | Date of the reported transactions: vesting and settlement of cash-settled restricted stock units. |
| 07/17/2024 | Date of the Form 4 filing. |
| 02/--/2027 | Cash settled restricted stock units vest 1/36th on the 15th day of each month during the 36-month period ending February 2027 |
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