Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions
SEC Form 4 Filing
Western Alliance Bancorporation's Vice Chairman and CFO, Dale Gibbons, reported transactions involving common stock and cash-settled restricted stock units.
Summary
- Dale Gibbons, Vice Chairman and CFO of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on December 15, 2024, and included the vesting of 285 cash-settled restricted stock units.
- These units are payable in cash and vest monthly over a 36-month period starting in March 2024.
- Gibbons also disposed of 285 shares of common stock at a price of $91.09 per share.
- Following these transactions, Gibbons directly owns 294,726 shares of common stock and indirectly owns 613 shares through a 401K plan.
- The 401K plan holdings include employer matching contributions as of December 12, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects normal executive activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedule of the restricted stock units is typical for executive compensation packages.
- The reported transactions are consistent with the expected behavior of executives managing their personal holdings.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
- The transactions have a minimal impact on the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of 401K plan holdings including employer match. |
| 12/15/2024 | Date of stock and restricted stock unit transactions. |
| 12/17/2024 | Date of filing of the Form 4. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Western Alliance Bancorporation, Executive Compensation, Insider Trading
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