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 adjustments to shares held in the 401(k) plan.
Summary
- Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2024, 58 cash-settled restricted stock units vested and were disposed of at a price of $64.79.
- This transaction resulted in a decrease of 58 shares of common stock directly owned.
- Following the transaction, Jarvi directly owns 12,162 shares of common stock.
- Jarvi also indirectly owns 2,075 shares through the WAL 401(k) plan, reflecting holdings as of May 2, 2024.
- The reported transactions also reflect that Jarvi holds 1,897 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The cash-settled restricted stock units vest monthly until February 2027, suggesting ongoing transactions.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor insider transactions to assess management's confidence and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date reflecting shares held in the 401K Plan to include employer match. |
| 05/15/2024 | Date of the transaction involving cash-settled restricted stock units and common stock. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
| February 2027 | End date of the 36-month vesting period for the cash-settled restricted stock units. |
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