Form 4: Western Alliance Bancorporation Executive Bruckner Tim R Reports Stock Transactions
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 May 15, 2024, Tim R Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, reported transactions involving the company's common stock and cash-settled restricted stock units.
- Bruckner acquired 158 shares of common stock through the vesting of restricted stock units.
- Also on May 15, 2024, Bruckner disposed of 158 shares of common stock at a price of $64.79.
- Following these transactions, Bruckner directly owns 26,417 shares of Western Alliance Bancorporation common stock.
- Bruckner also directly owns 5,221 cash-settled restricted stock units.
- These units vest and are payable solely in cash monthly over a 36-month period from March 2024 to February 2027.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units vest monthly from March 2024 to February 2027, indicating a continued stream of potential stock transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transactions: acquisition and disposal of common stock, vesting of restricted stock units |
| 05/17/2024 | Date of signature by Attorney-in-fact |
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