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 correction to a previously reported stock ownership amount.

Summary

• On September 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 at a price of $81.91.
• Following these transactions, Bruckner directly owns 26,417 shares of Western Alliance Bancorporation common stock.
• The vesting schedule for these units is 1/36th on the 15th day of each month from March 2024 to February 2027.
• A correction was made to a previous Form 4 filed on August 19, 2024, which incorrectly stated Bruckner's direct ownership as 26,575 shares; the correct amount was 26,417 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports routine stock transactions and a correction of a previous filing. There is no indication of positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.

Stakeholder Impact

• The correction of the previously reported stock ownership ensures accurate information for shareholders.
• The vesting and settlement of restricted stock units may have a minor dilutive effect on existing shareholders.

Key Dates