Form 4: Western Alliance Bancorporation: Executive Barbara Kennedy Reports Stock Transactions
SEC Form 4 Filing
Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On March 15, 2024, Barbara Kennedy, the Chief Human Resources Officer of Western Alliance Bancorporation, reported transactions involving the company's common stock and cash-settled restricted stock units.
- Kennedy acquired 101 shares of common stock through the vesting of restricted stock units.
- Simultaneously, 101 shares were disposed of at a price of $57.98.
- Following these transactions, Kennedy directly owns 19,060 shares of common stock and indirectly owns 22,797 shares through the Kennedy Family Trust.
- She also directly owns 3,523 cash-settled restricted stock units, which vest monthly over a 36-month period starting in March 2024 and ending in February 2027.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports required insider trading activity. There is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock and derivative security transactions. |
| 03/19/2024 | Date of signature for the report. |
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