Form 4: Western Alliance Bancorporation: Chief Risk Officer Reports Stock Unit Activity
SEC Form 4
Emily Nachlas, Chief Risk Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On August 15, 2024, Emily Nachlas, the Chief Risk Officer of Western Alliance Bancorporation, reported a transaction involving restricted stock units.
- 72 restricted stock units were vested and settled in cash.
- The price per share for the disposed shares was $77.03.
- Following the transaction, Nachlas directly owns 14,156 shares of common stock and 2,157 cash-settled restricted stock units.
- The restricted stock units vest monthly over a 36-month period, starting in March 2024 and ending in February 2027.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the ongoing compensation structure for company executives.
- Employees may view this as a standard part of the company's compensation practices.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: vesting and cash settlement of restricted stock units. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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