Form 4: Western Alliance Bancorporation: Executive Barbara Kennedy Reports Stock Unit Transactions
SEC Form 4 Filing
Barbara Kennedy, Chief Human Resources Officer at Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and common stock transactions.
Summary
- On February 15, 2025, Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Kennedy acquired 101 shares of common stock upon the vesting of cash-settled restricted stock units.
- Simultaneously, Kennedy disposed of 101 shares of common stock at a price of $88.75 per share.
- Following these transactions, Kennedy directly owns 8,753 shares of common stock.
- Kennedy also indirectly owns 22,797 shares through the Barbara and Ted Kennedy TTEE Kennedy Family Trust.
- After the transaction, Kennedy directly owns 2,412 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common in publicly traded companies. It provides transparency into the compensation and stock ownership of key personnel.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units, and performance-based bonuses.
- The vesting schedule of 1/36th per month is a fairly standard vesting schedule.
- Comparable companies such as Comerica and KeyCorp also have similar executive compensation structures.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| March 2024 | Start date of the 36-month vesting period for the cash-settled restricted stock units. |
| February 15, 2025 | Date of the reported transactions: vesting of stock units and disposal of common stock. |
| February 19, 2025 | Date of signature for the Form 4 filing. |
| February 2027 | End date of the 36-month vesting period for the cash-settled restricted stock units. |
Keywords
Form 4, Beneficial Ownership, Stock Units, Stock Transaction, Western Alliance Bancorporation, WAL, Barbara Kennedy, Executive Compensation
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