Form 4: Western Alliance Bancorporation: Executive Timothy Boothe Reports Transactions in Company Stock

Chief Operating Officer Timothy Boothe reports the vesting and disposal of cash-settled restricted stock units and the acquisition of restricted stock units in Western Alliance Bancorporation.

Summary

• On June 15, 2024, Timothy Boothe, the Chief Operating Officer of Western Alliance Bancorporation, reported transactions involving the company's stock.
• Boothe disposed of 97 shares of common stock at a price of $58.61.
• He also disposed of 97 cash-settled restricted stock units, which vested on the 15th day of each month during a 36-month period beginning in March 2024 and ending in February 2027.
• Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
• Following these transactions, Boothe directly owns 62,513 shares of common stock and 3,107 cash-settled restricted stock units.
• Additionally, he indirectly owns 325 shares of common stock through his spouse, Alvina Boothe.
• On June 17, 2024, Boothe acquired 5,653 restricted stock units, which are payable upon his qualified retirement from the company.
• These restricted stock units represent a contingent right to receive one share of WAL common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of company executives.

Key Dates