Form 4: Western Alliance Bancorporation Chief Credit Officer Reports Stock Transactions

Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reported the vesting and sale of restricted stock units and the sale of common stock on December 15, 2024.

Summary

• Lynne Herndon, the Chief Credit Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
• On December 15, 2024, 35 restricted stock units vested and were settled in cash.
• Also on December 15, 2024, 35 shares of common stock were sold at a price of $91.09 per share.
• Following these transactions, Ms. Herndon directly owns 829 shares of common stock and 892 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the SEC.
• The transactions are typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Western Alliance Bancorporation, Chief Credit Officer, Lynne Herndon