Form 4: Western Alliance Bancorporation Executive Lynne Herndon Reports Stock Transactions
SEC Form 4 Filing
Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and the disposition of shares to cover taxes.
Summary
- On October 15, 2024, Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reported transactions involving the company's common stock and cash-settled restricted stock units.
- 35 restricted stock units vested and were settled in cash.
- 35 shares were disposed of at a price of $90.88 to cover tax obligations.
- Following these transactions, Herndon directly owns 829 shares of common stock and 962 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.
Industry Context
This 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 may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of stock and derivative transactions |
| 10/17/2024 | Date of signature on the Form 4 filing |
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