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 of restricted stock units and a subsequent sale of common stock on January 15, 2025.

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 January 15, 2025, 158 cash-settled restricted stock units vested, which are economically equivalent to 158 shares of common stock.
• Following the vesting, Mr. Bruckner disposed of 158 shares of common stock at a price of $87.87 per share.
• After these transactions, Mr. Bruckner directly owns 26,417 shares of common stock and 3,957 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common in the financial industry. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of the restricted stock units, with 1/36th vesting monthly over 36 months, is a common practice for executive compensation in the financial sector.
• The sale of shares after vesting is also a typical occurrence as executives often diversify their holdings.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock sales.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Western Alliance Bancorporation, WAL, Insider Trading