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
- On August 15, 2024, Dale Gibbons, the Vice Chairman and CFO of Western Alliance Bancorporation, reported transactions involving the company's common stock.
- Gibbons disposed of 285 shares of common stock at a price of $77.03.
- He also acquired 285 shares through the vesting of cash-settled restricted stock units.
- Following these transactions, Gibbons directly owns 294,726 shares of common stock.
- Additionally, he indirectly owns 613 shares through a 401K plan.
- The reported transactions also involve cash-settled restricted stock units, which vest monthly over a 36-month period.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, neither inherently positive nor negative.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their confidence in the company.
Stakeholder Impact
- Shareholders can monitor insider transactions to gauge executive confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date for 401K Plan shares calculation. |
| 08/15/2024 | Date of the reported stock transactions. |
| 08/19/2024 | Date of signature for the report. |
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