Form 4: Western Alliance Bancorporation Executive Emily Nachlas Reports Stock Unit Transactions
SEC Form 4 Filing
Emily Nachlas, Chief Risk Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On March 15, 2024, Emily Nachlas, the Chief Risk Officer of Western Alliance Bancorporation, had 72 cash-settled restricted stock units vest.
- These units were settled for cash, and she disposed of 72 shares of common stock at a price of $57.98.
- Following these transactions, Nachlas directly owns 14,084 shares of Western Alliance Bancorporation common stock and 2,517 cash-settled restricted stock units.
- The restricted stock units vest monthly over a 36-month period, starting in March 2024 and ending in February 2027.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no indication of positive or negative sentiment.
Future Outlook
The reporting person will continue to receive monthly vesting of cash-settled restricted stock units until February 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: vesting and settlement of restricted stock units and disposal of common stock. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
| February 2027 | End date of the 36-month vesting period for the restricted stock units. |
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