Form 4: Western Alliance Bancorporation Executive Jessica H. Jarvi Reports Stock Transactions
SEC Form 4 Filing
Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and transactions in common stock.
Summary
- Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, filed a Form 4 on October 17, 2024, reporting changes in beneficial ownership.
- On October 15, 2024, Ms. Jarvi vested 58 cash-settled restricted stock units, which were then settled for cash.
- Also on October 15, 2024, Ms. Jarvi disposed of 58 shares of common stock at a price of $90.88 per share.
- Following these transactions, Ms. Jarvi directly owns 12,162 shares of common stock.
- Ms. Jarvi also indirectly owns 2,075 shares of common stock through the WAL 401(k) plan, reflecting holdings as of October 3, 2024.
- Ms. Jarvi directly owns 1,607 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey 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 CLO & Secretary's transactions in the company's stock and derivative securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date reflecting shares held in the 401K Plan to include employer match. |
| 10/15/2024 | Date of transaction involving vesting of cash-settled restricted stock units and disposal of common stock. |
| 10/17/2024 | Date of Form 4 filing. |
| 02/2027 | End date of the 36-month period for vesting of cash-settled restricted stock units. |
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