Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions
SEC Form 4 Filing
Dale Gibbons, Vice Chairman and CFO of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and associated stock disposal.
Summary
- On February 15, 2025, Dale Gibbons, the Vice Chairman and CFO of Western Alliance Bancorporation, reported transactions involving the company's common stock.
- Gibbons had 285 cash-settled restricted stock units vest.
- These units were settled for cash, resulting in the disposition of 285 shares of common stock at a price of $88.75.
- Following these transactions, Gibbons directly owns 296,358 shares of Western Alliance Bancorporation common stock.
- Gibbons also indirectly owns 613 shares through a 401K plan.
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, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's transactions in company stock, which is typical for executives with stock-based compensation.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of company stock.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Date to include employer match in 401K Plan |
| 02/15/2025 | Date of stock transactions (vesting of restricted stock units and disposition of shares) |
| 02/19/2025 | Date of signature for the report |
| March 2024 February 2027 | Vesting schedule for the restricted stock units (1/36th each month) |
Keywords
Western Alliance Bancorporation, Dale Gibbons, Stock Transactions, Form 4, Restricted Stock Units, Beneficial Ownership, CFO
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