Form 4: Western Alliance Bancorporation Executive Timothy Boothe Reports Stock Transactions
SEC Form 4 Filing
Timothy Boothe, Chief Administration Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and subsequent disposal of shares on March 15, 2025.
Summary
- On March 15, 2025, Timothy Boothe, Chief Administration Officer of Western Alliance Bancorporation, engaged in transactions involving common stock and cash-settled restricted stock units.
- Boothe disposed of 97 shares of common stock at $77.24 per share after 97 restricted stock units vested and were settled in cash.
- He also disposed of 69 shares of common stock at $77.24 per share after 69 restricted stock units vested and were settled in cash.
- Following these transactions, Boothe directly owns 63,202 shares of Western Alliance Bancorporation common stock and indirectly owns 325 shares through his spouse, Alvina Boothe.
- He also directly owns 2,234 Cash Settled Restricted Stock Units from the first transaction and 2,414 Cash Settled Restricted Stock Units from the second transaction.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of earliest transaction: vesting and disposal of common stock and cash-settled restricted stock units. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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