Form 4: Western Alliance Bancorporation Executive Bruckner Reports Stock Unit Activity
SEC Form 4 Filing
Tim R. Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On August 15, 2024, Tim R. Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, had 158 cash-settled restricted stock units vest.
- These units were settled for cash, and Mr. Bruckner continues to hold 26,575 shares of common stock directly.
- Following the transaction, Mr. Bruckner beneficially owns 4,747 derivative securities.
- The 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 SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock unit activity by a company executive, which is common in the financial services industry as part of executive compensation packages.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Transaction date: 158 restricted stock units vested and were settled in cash. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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.