Form 4: Western Alliance Bancorporation Executive Emily Nachlas Reports Stock Transactions

Emily Nachlas, Chief Risk Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and a correction to a previously reported stock ownership amount.

Summary

• Emily Nachlas, the Chief Risk Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
• On September 15, 2024, 72 cash-settled restricted stock units vested and were settled in cash.
• The reporting person disposed of 72 shares at $81.91.
• Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
• The units vest monthly over a 36-month period starting in March 2024 and ending in February 2027.
• The filing also corrects a previously reported stock ownership amount from August 19, 2024, stating the correct direct ownership after the transactions was 14,084 shares, not 14,156 shares.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive, with a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.

Stakeholder Impact

• Shareholders are informed about the executive's stock transactions, providing transparency into insider activity.

Key Dates