Form 4: Western Alliance Bancorporation Executive Lynne Herndon Reports Stock Unit Transactions
SEC Form 4 Filing
Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reports the monthly vesting and cash settlement of restricted stock units.
Summary
- On April 15, 2025, Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation, reported transactions involving cash-settled restricted stock units.
- Herndon acquired 35 shares and disposed of 35 shares of common stock related to the vesting of cash-settled restricted stock units.
- Additionally, Herndon acquired 22 shares and disposed of 22 shares of common stock related to the vesting of cash-settled restricted stock units.
- The price per share for the disposed shares was $66.07.
- Following these transactions, Herndon directly owns 1,359 shares of Western Alliance Bancorporation common stock.
- Herndon also holds 752 and 750 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an officer, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent the routine vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 03/2024 | Start date for vesting of 1/36th of the first set of restricted stock units each month for 36 months. |
| 03/2025 | Start date for vesting of 1/36th of the second set of restricted stock units each month for 36 months. |
| 04/15/2025 | Date of the reported transactions: acquisition and disposal of shares due to vesting of cash-settled restricted stock units. |
| 04/17/2025 | Date of signature for the Form 4 filing. |
| 02/2027 | End date for vesting of 1/36th of the first set of restricted stock units each month for 36 months. |
| 02/2028 | End date for vesting of 1/36th of the second set of restricted stock units each month for 36 months. |
Keywords
Western Alliance Bancorporation, Lynne Herndon, Chief Credit Officer, Form 4, Stock Units, Beneficial Ownership, Cash Settled Restricted Stock Units, WAL
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