Form 4: Western Alliance Bancorporation: Chief Credit Officer Lynne Herndon Reports Stock Unit Transactions
SEC Form 4 Filing
Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On May 15, 2025, Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reported transactions involving cash-settled restricted stock units.
- Specifically, 35 units vested and were settled in cash, and another 22 units vested and were settled in cash.
- The price for the disposed common stock was $78.36.
- Following these transactions, Ms. Herndon directly owns 1,359 shares of common stock and 717 and 728 cash-settled restricted stock units respectively.
- These units vest monthly over a 36-month period.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, with no indication of positive or negative sentiment.
Future Outlook
The restricted stock units will continue to vest monthly over the next few years.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| March 2024 | Start date for vesting of 1/36th of 35 cash-settled restricted stock units monthly for 36 months. |
| February 2027 | End date for vesting of 1/36th of 35 cash-settled restricted stock units monthly for 36 months. |
| March 2025 | Start date for vesting of 1/36th of 22 cash-settled restricted stock units monthly for 36 months. |
| May 15, 2025 | Date of transactions involving common stock and cash-settled restricted stock units. |
| May 19, 2025 | Date of signature by Attorney-in-fact. |
| February 2028 | End date for vesting of 1/36th of 22 cash-settled restricted stock units monthly for 36 months. |
Keywords
Form 4, Beneficial Ownership, Western Alliance Bancorporation, WAL, Lynne Herndon, Chief Credit Officer, Cash Settled Restricted Stock Units, Stock Options, Vesting
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