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 July 15, 2024, Dale Gibbons, the Vice Chairman and CFO of Western Alliance Bancorporation, engaged in transactions involving the company's stock.
- Gibbons disposed of 285 shares of common stock at a price of $69.84.
- He also acquired 285 shares through the vesting of cash-settled restricted stock units.
- Following these transactions, Gibbons directly owns 294,726 shares of Western Alliance Bancorporation common stock.
- Additionally, he indirectly owns 613 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 07/11/2024 | Date of 401K Plan shares reflected in report. |
| 07/15/2024 | Date of stock transactions (disposal and acquisition of shares). |
| 07/17/2024 | Date of signature by Attorney-in-fact. |
| March 2024 February 2027 | Vesting period for cash-settled restricted stock units. |
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