Form 4: Western Alliance Bancorporation Executive Stephen Curley Reports Stock Transactions
SEC Form 4 Filing
Stephen Curley, Chief Banking Officer at Western Alliance Bancorporation, reports the vesting and disposal of restricted stock units and common stock transactions.
Summary
- On February 15, 2025, Stephen Curley, Chief Banking Officer of Western Alliance Bancorporation, reported the vesting of 165 cash-settled restricted stock units, which are economically equivalent to 165 shares of common stock.
- These units vested as part of a 36-month schedule that began in March 2024 and ends in February 2027, with 1/36th of the units vesting on the 15th of each month.
- Curley also disposed of 165 shares of common stock at a price of $88.75 per share on February 15, 2025.
- Additionally, on February 16, 2025, Curley disposed of 521 shares of common stock at $88.75 per share to cover tax obligations.
- Following these transactions, Curley directly owns 37,739 shares of Western Alliance Bancorporation common stock and 3,974 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at Western Alliance Bancorporation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| March 2024 | Start date of the 36-month vesting period for the cash-settled restricted stock units. |
| 02/15/2025 | Date of vesting of 165 cash-settled restricted stock units and disposal of 165 shares of common stock. |
| 02/16/2025 | Date of disposal of 521 shares of common stock for tax obligations. |
| 02/19/2025 | Date of signature of the Form 4 filing. |
| February 2027 | End date of the 36-month vesting period for the cash-settled restricted stock units. |
Keywords
Western Alliance Bancorporation, Stephen Curley, Stock Transactions, Form 4, Restricted Stock Units, Common Stock, Beneficial Ownership
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