Form 4: Western Alliance Bancorporation Executive Boothe Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer Timothy W. Boothe reports the vesting and cash settlement of restricted stock units and subsequent disposal of shares.
Summary
- On April 15, 2024, Timothy W. Boothe, the Chief Operating Officer of Western Alliance Bancorporation, reported transactions involving the company's common stock.
- Boothe had 97 cash-settled restricted stock units vest.
- These units were settled for cash, and Boothe disposed of 97 shares of common stock at a price of $56.16.
- Following these transactions, Boothe directly owns 62,513 shares of Western Alliance Bancorporation common stock and indirectly owns 325 shares through his spouse, Alvina Boothe.
- The restricted stock units vest monthly over a 36-month period from March 2024 to February 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units will continue to vest monthly until February 2027.
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.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of the reported stock transactions and vesting of restricted stock units. |
| 04/17/2024 | Date of signature by Attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.