4/A: Western Alliance Bancorporation Director Corrects Beneficial Ownership Reporting

Bruce D. Beach, a director of Western Alliance Bancorporation, files an amendment to a previous Form 4 to correct the reported amounts of securities beneficially owned directly and indirectly following a transaction.

Summary

• Bruce D. Beach, a director at Western Alliance Bancorporation, filed an amended Form 4 to correct inaccuracies in the originally filed form.
• The amendment addresses the amounts of securities beneficially owned directly and indirectly by Beach following a reported transaction.
• The error stemmed from a previous change in the form of ownership.
• On August 4, 2023, Beach transferred 5,066 directly held WAL shares to the Beach Revocable Trust U/A DTD 7/27/2007.
• The corrected filing shows Beach directly owns 8,914 shares of common stock and indirectly owns 92,528 shares through the Beach Revocable Trust.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. While it indicates a previous error, the prompt correction is a positive sign for corporate governance.

Negatives

• The original Form 4 contained inaccuracies regarding the amounts of securities beneficially owned.

Industry Context

This filing is a routine regulatory disclosure related to insider stock ownership. It doesn't necessarily reflect broader industry trends but ensures transparency in corporate governance.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates

Keywords

beneficial ownership, amended filing, Form 4/A, Western Alliance Bancorporation, WAL, director, securities, Beach, trust