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 settlement of cash-settled restricted stock units and corresponding stock disposals on May 15, 2025.
Summary
- On May 15, 2025, Barbara Kennedy, the Chief Human Resources Officer of Western Alliance Bancorporation, reported transactions involving the company's stock.
- These transactions included the vesting and cash settlement of restricted stock units (RSUs).
- Specifically, 101 RSUs vested and were settled for cash, with a corresponding disposal of 101 shares at $78.36.
- Additionally, 74 RSUs vested and were settled for cash, with a corresponding disposal of 74 shares at $78.36.
- Following these transactions, Kennedy directly owns 8,753 shares of common stock and indirectly owns 22,797 shares through the Kennedy Family Trust.
- She also directly owns 2,109 and 2,427 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, and does not inherently indicate positive or negative sentiment. It reflects standard compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/--/2024 | Start date for vesting of 1/36th of 101 cash-settled restricted stock units monthly for 36 months, ending February 2027. |
| 03/--/2025 | Start date for vesting of 1/36th of 74 cash-settled restricted stock units monthly for 36 months, ending February 2028. |
| 05/15/2025 | Date of stock transactions: vesting and settlement of RSUs and corresponding stock disposals. |
| 05/19/2025 | Date of filing of the Form 4. |
| 02/--/2027 | End date for vesting of 1/36th of 101 cash-settled restricted stock units monthly for 36 months, starting March 2024. |
| 02/--/2028 | End date for vesting of 1/36th of 74 cash-settled restricted stock units monthly for 36 months, starting March 2025. |
Keywords
Western Alliance Bancorporation, WAL, Barbara Kennedy, Chief Human Resources Officer, Stock Transactions, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership
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