Form 4: Western Alliance Bancorporation Executive Timothy Boothe Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Timothy Boothe, Chief Administration Officer of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and a sale of common stock on February 15, 2025.
Summary
- On February 15, 2025, Timothy Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported changes in his beneficial ownership of the company's stock.
- Boothe disposed of 97 cash-settled restricted stock units, which vested on that date.
- He also sold 97 shares of common stock at a price of $88.75 per share.
- Following these transactions, Boothe directly owns 63,202 shares of common stock and indirectly owns 325 shares through his spouse, Alvina Boothe.
- He also directly owns 2,331 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing reporting stock transactions. There's no inherent positive or negative implication.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common occurrence in the financial industry. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction: vesting of cash-settled restricted stock units and sale of common stock. |
| 02/19/2025 | Date of signature by Attorney-in-fact. |
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