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

Emily Nachlas, Chief Risk Officer of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and the acquisition of restricted stock units.

Summary

• On June 15, 2024, Emily Nachlas, the Chief Risk Officer of Western Alliance Bancorporation, reported transactions involving the company's stock.
• 72 cash-settled restricted stock units vested and were disposed of, with the equivalent of 72 common stock shares.
• These units vest monthly over a 36-month period starting in March 2024 and ending in February 2027.
• Additionally, 72 shares were disposed of at a price of $58.61.
• On June 17, 2024, Nachlas acquired 4,187 restricted stock units, which are payable upon qualified retirement from the company.
• Following these transactions, Nachlas directly owns 14,084 shares of common stock and 4,187 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure.

Future Outlook

The restricted stock units acquired on June 17, 2024, are payable upon the Reporting Person's Qualified Retirement from the Company as described in the Plan documents.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of key executives.

Stakeholder Impact

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

Key Dates