Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions

Timothy W. Boothe, Chief Administration Officer at Western Alliance Bancorporation, reported the vesting and settlement of restricted stock units and a sale of common stock.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported transactions involving the company's stock.
• On November 15, 2024, 97 restricted stock units vested and were settled in cash.
• Also on November 15, 2024, 97 shares of common stock were sold at a price of $90.38 per share.
• Following these transactions, Mr. Boothe directly owns 62,513 shares of common stock and indirectly owns 325 shares through his spouse, Alvina Boothe.
• He also holds 2,622 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common in the financial services industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, such as Western Alliance Bancorporation, and are required by the SEC to ensure transparency in insider trading.
• The vesting schedule of the restricted stock units, with 1/36th vesting monthly over 36 months, is a common practice for executive compensation in the financial industry.
• Other financial institutions such as JP Morgan Chase & Co and Bank of America also have similar reporting requirements for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership changes.

Key Dates

Keywords

stock transactions, insider trading, restricted stock units, common stock, executive compensation, Form 4, WAL, Western Alliance Bancorporation