Form 4: Western Alliance Bancorporation Executive Barbara Kennedy Reports Stock Transactions
SEC Form 4 Filing
Barbara Kennedy, Chief Human Resources Officer at Western Alliance Bancorporation, reported the vesting of restricted stock units and a sale of common stock on November 15, 2024.
Summary
- Barbara Kennedy, the Chief Human Resources Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On November 15, 2024, Ms. Kennedy vested 101 cash-settled restricted stock units, which are economically equivalent to 101 shares of common stock.
- Also on November 15, 2024, Ms. Kennedy sold 101 shares of common stock at a price of $90.38 per share.
- Following these transactions, Ms. Kennedy directly owns 7,977 shares of common stock and indirectly owns 22,797 shares through the Kennedy Family Trust.
- She also directly owns 2,715 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
- The transactions reported are typical for executives who receive stock-based compensation as part of their overall remuneration package.
- The vesting schedule of the restricted stock units, with 1/36th vesting monthly over 36 months, is a common vesting structure.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading activity.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the stock transactions, including vesting of restricted stock units and sale of common stock. |
| 11/18/2024 | Date the Form 4 was signed by Jessica Jarvi, Attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Western Alliance Bancorporation, WAL, Insider Trading
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