Form 4: Western Alliance Bancorporation Executive Timothy Boothe Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer Timothy Boothe reports the vesting and cash settlement of restricted stock units and associated stock transactions.
Summary
- On March 15, 2024, Timothy W Boothe, Chief Operating Officer of Western Alliance Bancorporation, reported transactions involving the company's common stock.
- Boothe disposed of 97 shares of common stock to cover the cash settlement of restricted stock units.
- The price per share for the disposition was $57.98.
- Following the reported transactions, Boothe directly owns 62,513 shares of Western Alliance Bancorporation common stock.
- Boothe also indirectly owns 325 shares through his spouse, Alvina Boothe.
- Additionally, 97 cash-settled restricted stock units vested.
- Following the transaction, Boothe directly owns 3,398 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. There are no indications of unusual or concerning activity.
Future Outlook
The restricted stock units vest monthly until February 2027, suggesting continued reporting of similar transactions.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. This filing indicates normal compensation-related transactions.
Related Party Transactions
- Indirect ownership of 325 shares by Alvina Boothe (spouse).
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and do not indicate a change in the company's fundamentals.
Next Steps
- Continued monitoring of insider transactions for any significant changes in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transactions and vesting of restricted stock units. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
| February 2027 | End date of the 36-month vesting period for the restricted stock units. |
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