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, reports the vesting and cash settlement of restricted stock units and subsequent disposal of shares.
Summary
- On September 15, 2024, Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Kennedy disposed of 101 shares of common stock at a price of $81.91 per share.
- The transactions also involved the vesting and cash settlement of 101 restricted stock units, each equivalent to one share of Western Alliance Bancorporation common stock.
- Following these transactions, Kennedy directly owns 7,977 shares of common stock and indirectly owns 22,797 shares through the Barbara and Ted Kennedy TTEE Kennedy Family Trust.
- She also directly owns 2,917 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a standard part of corporate governance and are regularly disclosed by executives at comparable financial institutions such as JPMorgan Chase & Co., Bank of America, and Citigroup.
- These transactions are governed by SEC regulations, including Section 16(a) of the Securities Exchange Act of 1934, ensuring transparency and preventing insider trading.
- The reporting requirements and formats are consistent across the industry, allowing for easy comparison of executive compensation and stock ownership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The disclosure provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Date of the stock transactions and vesting of restricted stock units. |
| 09/17/2024 | Date of signature by Attorney-in-fact. |
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