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.
Summary
- On April 15, 2025, Dale Gibbons, the Vice Chairman and CFO of Western Alliance Bancorporation, reported transactions involving cash-settled restricted stock units and common stock.
- Gibbons acquired 285 shares of common stock upon the vesting of cash-settled restricted stock units, and then disposed of the same 285 shares at a price of $66.07.
- Additionally, Gibbons acquired 212 shares of common stock upon the vesting of other cash-settled restricted stock units, and then disposed of the same 212 shares at a price of $66.07.
- Following these transactions, Gibbons directly owns 296,358 shares of Western Alliance Bancorporation common stock and indirectly owns 613 shares through a 401K plan.
- He also holds 6,262 and 7,191 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units vest monthly until February 2027 and February 2028.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive incentives with long-term shareholder value.
- The vesting schedules and cash settlement terms are typical for such awards in the financial services industry.
- Comparing Gibbons' holdings and transactions to those of executives at peer banks like Comerica or Zions Bancorporation could provide further context.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Start date for vesting of 1/36th of 285 cash-settled restricted stock units monthly for 36 months. |
| 02/01/2027 | End date for vesting of 1/36th of 285 cash-settled restricted stock units monthly for 36 months. |
| 03/01/2025 | Start date for vesting of 1/36th of 212 cash-settled restricted stock units monthly for 36 months. |
| 04/03/2025 | Date of 401K Plan holdings including employer match. |
| 04/15/2025 | Date of reported transactions: vesting and disposal of common stock related to restricted stock units. |
| 02/01/2028 | End date for vesting of 1/36th of 212 cash-settled restricted stock units monthly for 36 months. |
| 04/17/2025 | Date of Form 4 filing. |
Keywords
Western Alliance Bancorporation, Dale Gibbons, Stock Transactions, Restricted Stock Units, Form 4, CFO, Beneficial Ownership
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