Form 4: Western Alliance Bancorporation: Chief Credit Officer 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 and a corresponding disposition of shares.
Summary
- On August 15, 2024, Lynne Herndon, the Chief Credit Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- 35 restricted stock units vested and were settled in cash.
- Following this transaction, Ms. Herndon directly owns 829 shares of common stock.
- Ms. Herndon also owns 1,032 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
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 filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the reported transactions (vesting of stock units and disposition of shares). |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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