Form 4: Western Alliance Bancorporation Executive Reports Stock Unit Activity
SEC Form 4 Filing
Dale Gibbons, Vice Chairman and CFO of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units.
Summary
- On April 15, 2024, Dale Gibbons, the Vice Chairman and CFO of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Gibbons disposed of 285 shares of common stock at a price of $56.16.
- These shares were related to the vesting of cash-settled restricted stock units.
- Following the reported transactions, Gibbons directly owns 294,726 shares of common stock and indirectly owns 613 shares through a 401K plan.
- He also directly owns 9,682 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date to include employer match as of 4/4/2024 in 401K Plan |
| 04/15/2024 | Date of the reported transactions involving common stock and cash-settled restricted stock units. |
| 04/17/2024 | Date of signature by Attorney-in-fact. |
| February 2027 | End of the 36-month vesting period for the cash-settled restricted stock units. |
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