Form 4: Western Alliance Bancorporation Executive Bruckner Reports Stock Transactions
SEC Form 4
Tim R. Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 6, 2025, Tim R. Bruckner acquired 2,760 shares of Western Alliance Bancorporation common stock.
- On the same day, Bruckner also acquired 4,138 cash-settled restricted stock units and 1,656 restricted stock units.
- On February 7 and 8, 2025, Bruckner disposed of 1,419 and 499 shares of common stock, respectively, at a price of $89.89 per share.
- Following these transactions, Bruckner directly owns 27,259 shares of common stock and 10,946 restricted stock units.
- The cash-settled restricted stock units vest monthly over a 36-month period, while the restricted stock units are payable upon qualified retirement.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating neutral sentiment.
Future Outlook
The cash-settled restricted stock units vest monthly over a 36-month period beginning in February 2025 and ending in January 2028.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can use this information to assess the actions of company insiders and their potential impact on the stock's performance.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Acquisition of 2,760 shares of common stock and grant of restricted stock units. |
| 02/07/2025 | Disposal of 1,419 shares of common stock at $89.89 per share. |
| 02/08/2025 | Disposal of 499 shares of common stock at $89.89 per share. |
| 02/10/2025 | Date of signature by Attorney-in-fact. |
Keywords
Western Alliance Bancorporation, WAL, Tim R. Bruckner, CBO, Regional Banking, Form 4, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership
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