Form 4: Western Alliance Bancorporation Executive Barbara Kennedy Reports Stock Transactions

Chief Human Resources Officer of Western Alliance Bancorporation, Barbara Kennedy, reports the vesting and sale of common stock and cash-settled restricted stock units.

Summary

• Barbara Kennedy, Chief Human Resources Officer at Western Alliance Bancorporation, reported transactions involving the company's stock on January 15, 2025.
• She acquired 101 shares of common stock through the vesting of restricted stock units, which were settled in cash.
• Concurrently, she disposed of 101 shares of common stock at a price of $87.87 per share.
• Following these transactions, Ms. Kennedy directly owns 8,078 shares of common stock and indirectly owns 22,797 shares through the Kennedy Family Trust.
• She also directly owns 2,513 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing of stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing for an executive stock transaction and is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as Western Alliance Bancorporation.
• The vesting and sale of restricted stock units is a common form of executive compensation, similar to practices at other financial institutions like JPMorgan Chase or Bank of America.
• The reporting of both direct and indirect ownership is consistent with SEC regulations and is seen across the industry.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of routine executive compensation.

Key Dates

Keywords

stock transactions, insider trading, Form 4, restricted stock units, common stock, Western Alliance Bancorporation, executive compensation