Form 4: Western Alliance Bancorporation Executive Tim R. Bruckner Reports Stock Transactions
SEC Form 4 Filing
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 November 15, 2024.
Summary
- Tim R. Bruckner, the Chief Banking Officer for Regional Banking at Western Alliance Bancorporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 15, 2024, 158 restricted stock units vested and were settled in cash.
- Also on November 15, 2024, Mr. Bruckner sold 158 shares of common stock at a price of $90.38 per share.
- Following these transactions, Mr. Bruckner directly owns 26,417 shares of common stock and 4,273 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
- Similar filings are made by executives at other financial institutions such as JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) when they trade their company's stock.
- The reporting requirements ensure transparency and prevent insider trading, aligning with industry best practices.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a significant change in the company's financial health or outlook.
- The filing provides transparency to the market regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the reported stock transactions, including vesting of restricted stock units and sale of common stock. |
| 11/18/2024 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Western Alliance Bancorporation, WAL, Insider Trading
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