Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions
SEC Form 4 Filing
Dale Gibbons, Vice Chairman and CFO of Western Alliance Bancorporation, reports transactions involving common stock and cash-settled restricted stock units.
Summary
- Dale Gibbons, the Vice Chairman and CFO of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
- On October 15, 2024, Gibbons exercised 285 cash-settled restricted stock units for $0 and disposed of 285 shares at $90.88.
- Following these transactions, Gibbons directly owns 294,726 shares of common stock and indirectly owns 613 shares through a 401K plan.
- He also holds 7,972 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date shares held in the 401K Plan to include employer match. |
| 10/15/2024 | Date of the reported transactions: exercise of cash-settled restricted stock units and disposal of common stock. |
| 10/17/2024 | Date of signature by Attorney-in-fact. |
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