Form 4: Western Alliance Bancorporation Executive Stephen Curley Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen Curley, Chief Banking Officer at Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On July 15, 2024, Stephen Curley, Chief Banking Officer of Western Alliance Bancorporation, reported changes in his beneficial ownership of the company's common stock.
- Specifically, 165 cash-settled restricted stock units vested and were settled in cash.
- Following these transactions, Curley directly owns 41,788 shares of Western Alliance Bancorporation common stock and 5,129 cash-settled restricted stock units.
- The restricted stock units vest monthly over a 36-month period, starting in March 2024 and ending in February 2027.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the ongoing compensation of a key executive.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction: Vesting and cash settlement of restricted stock units and disposal of common stock. |
| 07/17/2024 | Date of signature on the Form 4 filing. |
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