Form 4: Western Alliance Bancorporation: Chief Risk Officer Reports Stock Unit Transactions
SEC Form 4 Filing
Emily Nachlas, Chief Risk Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On April 15, 2024, Emily Nachlas, the Chief Risk Officer of Western Alliance Bancorporation, had 72 common stock units vest and settle in cash.
- These units were acquired as part of a cash-settled restricted stock unit plan.
- The price per share for the disposed of shares was $56.16.
- Following the transaction, Nachlas directly owns 14,084 shares of Western Alliance Bancorporation common stock.
- Nachlas also directly owns 2,445 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of insider trading activity, specifically the vesting of restricted stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which is common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the ongoing compensation structure for company executives.
Key Dates
| Date | Description |
|---|---|
| 03/2024 | Beginning of the 36-month vesting period for the restricted stock units. |
| 04/15/2024 | Date of the reported transaction: vesting and cash settlement of restricted stock units. |
| 04/17/2024 | Date of signature for the Form 4 filing. |
| 02/2027 | End of the 36-month vesting period for the restricted stock units. |
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