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

Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and the disposition of shares to cover taxes.

Summary

• On April 15, 2024, Lynne Herndon, the Chief Credit Officer of Western Alliance Bancorporation, engaged in transactions involving the company's common stock and cash-settled restricted stock units.
• 35 cash-settled restricted stock units vested and were settled in cash.
• Ms. Herndon disposed of 35 shares of common stock at a price of $56.16 to cover tax obligations.
• Following these transactions, Ms. Herndon directly owns 829 shares of Western Alliance Bancorporation common stock and 1,172 cash-settled restricted stock units.
• The restricted stock units vest monthly over a 36-month period, beginning in March 2024 and ending in February 2027.

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.

Future Outlook

The remaining restricted stock units will continue to vest monthly until February 2027.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the company's outstanding shares.

Key Dates