Form 4: Western Alliance Bancorporation Executive Bruckner Reports Stock Transactions
SEC Form 4 Filing
Tim R Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and common stock transactions.
Summary
- On July 15, 2024, Tim R Bruckner, the CBO for Regional Banking at Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Bruckner acquired 158 shares of common stock upon the vesting of cash-settled restricted stock units.
- Simultaneously, Bruckner disposed of 158 shares of common stock at a price of $69.84 per share.
- Following these transactions, Bruckner directly owns 26,417 shares of Western Alliance Bancorporation common stock and 4,905 cash-settled restricted stock units.
- The cash-settled restricted stock units vest monthly over a 36-month period, starting in March 2024 and ending in February 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The cash-settled restricted stock units will continue to vest in monthly installments until February 2027.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of the reported stock transactions and vesting of restricted stock units. |
| 07/17/2024 | Date of signature by Attorney-in-fact. |
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