Form 4: Western Alliance Bancorporation Executive Boothe Reports Stock Transactions
SEC Form 4 Filing
Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reports the vesting and disposal of restricted stock units and common stock transactions.
Summary
- On August 15, 2024, Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Boothe disposed of 97 common stock units at a price of $77.03.
- These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.
- Following the reported transactions, Boothe directly owns 62,513 shares of common stock and indirectly owns 325 shares through Alvina Boothe (spouse).
- Boothe also directly owns 2,913 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment. It provides factual information without expressing any positive or negative outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in financial analysis.
- Comparing Boothe's transactions to those of other executives at Western Alliance and peer institutions (e.g., Zions Bancorporation, Comerica) can provide context.
- Analyzing the timing and volume of these transactions relative to company performance and industry trends is crucial for assessing their significance.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the reported transactions (stock disposal and vesting of restricted stock units). |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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