Form 4: Western Alliance Bancorporation Director Sells Shares

Robert P. Latta, a director of Western Alliance Bancorporation, sold 2,955 shares of common stock at an average price of $81.12 on September 13, 2024.

Summary

• On September 13, 2024, Robert P. Latta, a director of Western Alliance Bancorporation, sold 2,955 shares of the company's common stock.
• The sale was executed at a weighted average price of $81.12 per share, with individual transaction prices ranging from $81.00 to $81.39.
• Following the transaction, Latta directly owns 4,056 shares and indirectly owns 38,621 shares through the Robert P. Latta Spousal Lifetime Access Trust, dated December 4, 2020.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, simply reporting a transaction.

Industry Context

This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in the United States.
• The information disclosed is consistent with what is expected in such filings, including the number of shares sold, the price per share, and the remaining ownership stake.
• Comparable companies would have similar filings when their directors or officers trade company stock.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant unless part of a larger trend or accompanied by other news.

Key Dates