Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions

Lynne Herndon, Chief Credit Officer at Western Alliance Bancorporation, reported the vesting and settlement of restricted stock units and the disposal of common stock on January 15, 2025.

Summary

• Lynne Herndon, the Chief Credit Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
• On January 15, 2025, 35 cash-settled restricted stock units vested and were settled, with each unit equivalent to one share of common stock.
• Also on January 15, 2025, 35 shares of common stock were disposed of at a price of $87.87 per share.
• Following these transactions, Ms. Herndon directly owns 829 shares of common stock and 857 cash-settled restricted stock units.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The vesting schedule of the restricted stock units, with monthly vesting over 36 months, is a common practice for executive compensation in the financial sector.
• The disposal of shares by an executive is a normal occurrence and does not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Western Alliance Bancorporation, Executive Compensation, Lynne Herndon