Form 4: Western Alliance Bancorporation Executive Jessica H. Jarvi Reports Stock Unit Transactions
SEC Form 4
Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and transactions in company common stock.
Summary
- On April 15, 2025, Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reported transactions involving cash-settled restricted stock units and common stock.
- Jarvi vested 58 cash-settled restricted stock units, which were then disposed of at a price of $66.07 per share.
- Additionally, 46 cash-settled restricted stock units vested and were disposed of at the same price.
- These units vest monthly over a 36-month period.
- Jarvi also reported holding 2,075 shares of common stock indirectly through a WAL 401(k) plan.
- Following these transactions, Jarvi directly owns 12,457 shares of Western Alliance Bancorporation common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership of shares.
- The vesting of stock units is part of the executive compensation plan, impacting Jessica H. Jarvi.
Key Dates
| Date | Description |
|---|---|
| March 2024 | Start date for vesting of 1/36th of some cash-settled restricted stock units monthly over 36 months. |
| March 2025 | Start date for vesting of 1/36th of some cash-settled restricted stock units monthly over 36 months. |
| 04/03/2025 | Date of 401K Plan employer match. |
| 04/15/2025 | Date of reported transactions involving cash-settled restricted stock units and common stock. |
| 04/17/2025 | Date of signature on the Form 4 filing. |
| February 2027 | End date for vesting of 1/36th of some cash-settled restricted stock units monthly over 36 months. |
| February 2028 | End date for vesting of 1/36th of some cash-settled restricted stock units monthly over 36 months. |
Keywords
Western Alliance Bancorporation, WAL, Jessica H. Jarvi, Form 4, Stock Units, Common Stock, Insider Trading, CLO, Secretary, 401k
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