Form 4: Western Alliance Bancorporation Executive Barbara Kennedy Reports Sale of Shares

Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reported the sale of 11,083 shares of common stock at an average price of $81.59 on August 26, 2024.

Summary

• On August 26, 2024, Barbara Kennedy, the Chief Human Resources Officer of Western Alliance Bancorporation, sold 11,083 shares of common stock.
• The shares were sold at a weighted average price of $81.59, with individual transactions ranging from $81.58 to $81.66.
• Following the transaction, Kennedy directly owns 7,977 shares of common stock.
• Kennedy also indirectly owns 22,797 shares through the Barbara and Ted Kennedy TTEE Kennedy Family Trust.
• A correction was made to a previous Form 4 filing on 8/19/2024, adjusting the directly owned shares from 19,161 to 19,060.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company executives regarding their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The information disclosed is consistent with regulatory requirements for insider trading reporting.
• Comparable companies like Comerica or Zions Bancorporation would have similar filings when their executives trade company stock.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on their interpretation of the executive's actions.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely negligible.

Key Dates