Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions

Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.

Summary

• Jessica H. Jarvi, the CLO & Secretary of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
• On November 15, 2024, Ms. Jarvi acquired 58 shares of common stock through the vesting of restricted stock units, with a value of $0 at the time of vesting.
• Also on November 15, 2024, Ms. Jarvi disposed of 58 shares of common stock at a price of $90.38 per share.
• Following these transactions, Ms. Jarvi directly owns 12,162 shares of common stock.
• Ms. Jarvi also indirectly owns 2,075 shares through the WAL 401(k) plan.
• Additionally, Ms. Jarvi holds 1,549 cash-settled restricted stock units, which vest monthly over a 36-month period.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock-based compensation.
• The vesting schedule of the restricted stock units is a common practice in executive compensation packages.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal impact on the company's financials.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Western Alliance Bancorporation, WAL, Insider Trading