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

Barbara Kennedy, Chief Human Resources Officer at Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and subsequent disposition of shares.

Summary

• On May 15, 2024, Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reported transactions involving the company's common stock.
• Kennedy acquired 101 shares of common stock through the vesting of cash-settled restricted stock units.
• Simultaneously, Kennedy disposed of 101 shares at a price of $64.79.
• Following these transactions, Kennedy directly owns 19,060 shares of common stock and indirectly owns 22,797 shares through the Kennedy Family Trust.
• The reported transactions also involved derivative securities, specifically cash-settled restricted stock units, with 101 units vesting and being settled in cash.
• Kennedy directly owns 3,321 derivative securities after the reported transaction.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It's a routine disclosure.

Future Outlook

The vesting schedule for the restricted stock units extends until February 2027, indicating ongoing monthly vesting events.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates