Form 4: Western Alliance Bancorporation Executive Lynne Herndon Reports Stock Transactions

Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reports the vesting and settlement of cash-settled restricted stock units.

Summary

• Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
• On March 15, 2025, Herndon vested and settled 35 cash-settled restricted stock units, receiving cash and disposing of the underlying common stock equivalent.
• Additionally, 22 cash-settled restricted stock units vested and were settled on the same date.
• The price of the common stock disposed of was $77.24 per share.
• Following these transactions, Herndon directly owns 1,359 shares of Western Alliance Bancorporation common stock and 772 and 787 cash-settled restricted stock units from two different grants.
• The restricted stock units vest monthly over a 36-month period.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.

Comparison to Industry Standards

• Executive stock transactions are a normal part of compensation packages in publicly traded companies like Western Alliance Bancorporation.
• Similar filings are regularly made by executives at comparable institutions such as Bank of America, JP Morgan Chase, and Wells Fargo.
• The vesting schedules and terms of the restricted stock units are likely aligned with industry standards for executive compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.

Key Dates