Form 4: Western Alliance Bancorporation Executive Jessica H. Jarvi Reports Transactions in Company Stock
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 the acquisition of restricted stock units.
Summary
- On June 15, 2024, Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reported transactions involving the company's stock.
- Jarvi disposed of 58 shares of common stock at a price of $58.61.
- She also disposed of 58 cash-settled restricted stock units, which vested on the 15th day of each month during a 36-month period.
- Additionally, she acquired 3,350 restricted stock units on June 17, 2024, which are payable upon her qualified retirement.
- As of June 15, 2024, Jarvi directly owns 12,162 shares of common stock and indirectly owns 2,075 shares through a WAL 401(k) plan.
- She also directly owns 3,350 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Future Outlook
The reporting person will continue to vest in cash-settled restricted stock units monthly until February 2027 and will receive restricted stock units upon qualified retirement.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions may have a minor impact on the stock price due to the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/2024 | Start of the 36-month vesting period for cash-settled restricted stock units. |
| 06/13/2024 | Date reflecting shares held in the 401K Plan to include employer match. |
| 06/15/2024 | Date of common stock and cash-settled restricted stock units transactions. |
| 06/17/2024 | Date of restricted stock units acquisition. |
| 02/2027 | End of the 36-month vesting period for cash-settled restricted stock units. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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