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
- On March 15, 2025, Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Jarvi disposed of 58 shares of common stock at $77.24 and acquired 58 shares through the vesting of cash-settled restricted stock units.
- Additionally, Jarvi disposed of 46 shares of common stock at $77.24 and acquired 46 shares through the vesting of cash-settled restricted stock units.
- Following these transactions, Jarvi directly owns 12,457 shares of common stock and indirectly owns 2,075 shares through a WAL 401(k) plan.
- The cash-settled restricted stock units vest monthly over a 36-month period.
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.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is typical for executives to receive stock-based compensation and periodically transact in the company's shares.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The vesting schedule of the restricted stock units (1/36th monthly) is a common vesting structure.
- Executive compensation packages often include a mix of cash and equity, aligning executive interests with shareholder value.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of 401K Plan holdings reflected in the report. |
| 03/15/2025 | Date of the reported transactions (vesting and disposal of restricted stock units and common stock). |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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