Form 4: Western Alliance Bancorporation Executive Tim R. Bruckner Reports Stock Transactions

Tim R. Bruckner, CBO for Regional Banking at Western Alliance Bancorporation, reported the vesting and sale of restricted stock units and the sale of common stock on December 15, 2024.

Summary

• Tim R. Bruckner, the Chief Banking Officer for Regional Banking at Western Alliance Bancorporation, filed a Form 4 detailing transactions involving the company's stock.
• On December 15, 2024, 158 cash-settled restricted stock units vested and were converted to cash.
• Also on December 15, 2024, Mr. Bruckner sold 158 shares of common stock at a price of $91.09 per share.
• Following these transactions, Mr. Bruckner directly owns 26,417 shares of common stock and 4,115 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a routine regulatory filing.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• Similar filings are made by executives at other financial institutions such as JPMorgan Chase (JPM), Bank of America (BAC), and Citigroup (C), when they engage in stock transactions.
• The level of detail provided in this Form 4 is consistent with regulatory requirements and industry norms.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading activity.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates

Keywords

Form 4, insider trading, stock transaction, restricted stock units, Western Alliance Bancorporation, WAL, executive compensation