Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions
SEC Form 4 Filing
Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and adjustments to common stock holdings.
Summary
- Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
- On April 15, 2024, 58 cash-settled restricted stock units vested and were disposed of.
- Ms. Jarvi also disposed of 58 shares of common stock at a price of $56.16.
- Following these transactions, Ms. Jarvi directly owns 12,162 shares of common stock.
- Ms. Jarvi also indirectly owns 2,075 shares of common stock through a WAL 401(k) plan as of April 4, 2024.
- The cash-settled restricted stock units vest monthly over a 36-month period, beginning in March 2024 and ending in February 2027.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider sentiment and activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of 401K Plan holdings reflected in the report. |
| 04/15/2024 | Date of the stock and derivative security transactions. |
| 04/17/2024 | Date of the Form 4 filing. |
| March 2024 February 2027 | Vesting period for the cash-settled restricted stock units. |
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