Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions

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 his beneficial ownership of the company's securities.
• On November 15, 2024, Gibbons acquired 285 shares of common stock through the vesting of cash-settled restricted stock units.
• Also on November 15, 2024, Gibbons disposed of 285 shares of common stock at a price of $90.38 per share.
• Following these transactions, Gibbons directly owns 294,726 shares of common stock and indirectly owns 613 shares through a 401K plan.
• He also holds 7,687 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for executive stock transactions and is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine executive stock transactions.

Key Dates

Keywords

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