Form 4: Western Alliance Bancorporation Executive Bruckner Tim R Reports Stock Transactions

Tim R Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and a corresponding disposition of shares.

Summary

• On October 15, 2024, Tim R Bruckner, the CBO for Regional Banking at Western Alliance Bancorporation, had 158 cash-settled restricted stock units vest.
• These units were settled for cash, and Bruckner disposed of 158 shares of common stock at a price of $90.88.
• The vesting of these units is part of a 36-month schedule, with 1/36th of the units vesting on the 15th of each month from March 2024 to February 2027.
• Following these transactions, Bruckner directly owns 26,417 shares of Western Alliance Bancorporation common stock and 4,431 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The transaction has a minor dilutive effect on existing shareholders due to the issuance of shares upon vesting of the restricted stock units.

Key Dates