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

Emily Nachlas, Chief Risk Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and a disposition of common stock on October 15, 2024.

Summary

• On October 15, 2024, Emily Nachlas, the Chief Risk Officer of Western Alliance Bancorporation, engaged in transactions involving the company's stock.
• 72 restricted stock units vested and were settled in cash.
• Ms. Nachlas also disposed of 72 shares of common stock at a price of $90.88 per share.
• Following these transactions, Ms. Nachlas directly owns 14,084 shares of Western Alliance Bancorporation common stock and 2,013 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.
• Comparable companies such as Comerica, KeyCorp, and M&T Bank also have officers who regularly file Form 4s.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting the stock.

Key Dates