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 cash settlement of restricted stock units.
Summary
- Stephen Curley, Chief Banking Officer of Western Alliance Bancorporation, filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2024, 165 cash-settled restricted stock units vested and were settled in cash.
- Curley disposed of 165 shares of common stock at a price of $57.98.
- Following the transaction, Curley directly owns 41,788 shares of Western Alliance Bancorporation common stock and 5,789 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: The document is a routine regulatory filing detailing stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the execution of existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Vesting and cash settlement of restricted stock units and disposal of common stock. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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