Form 4: Western Alliance Bancorporation Executive Lynne Herndon Reports Stock Transactions
SEC Filing Form 4
Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and the disposal of common stock on February 15, 2025.
Summary
- Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
- On February 15, 2025, Herndon vested 35 cash-settled restricted stock units, which were then settled for cash.
- Also on February 15, 2025, Herndon disposed of 35 shares of common stock at a price of $88.75 per share.
- Following these transactions, Herndon directly owns 1,359 shares of Western Alliance Bancorporation common stock and 822 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the executive's transactions.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the buying and selling activities of company executives, which can provide insights into their perspectives on the company's performance and future prospects.
Stakeholder Impact
- Shareholders can use this information to understand the actions of company insiders.
- Employees may be interested in the stock transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of earliest transaction: Vesting of cash-settled restricted stock units and disposal of common stock. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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