Form 4: Western Alliance Bancorporation Executive Timothy W. Boothe Reports Stock Transactions

Chief Administration Officer Timothy W. Boothe of Western Alliance Bancorporation reports the vesting and cash settlement of restricted stock units and subsequent disposal of shares on April 15, 2025.

Summary

• On April 15, 2025, Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
• Boothe disposed of 97 shares of common stock at $66.07 per share after the vesting of 97 cash-settled restricted stock units.
• He also disposed of 69 shares of common stock at $66.07 per share after the vesting of 69 cash-settled restricted stock units.
• 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 2,137 and 2,345 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any positive or negative outlook.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's a standard practice for publicly traded companies and their officers.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like JPMorgan Chase & Co., Bank of America, and Citigroup also have their executives file similar reports when they engage in transactions involving their company's stock.
• The level of detail and the reporting format are consistent across the financial industry, as mandated by the SEC.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders as they reflect insider trading activity, but the amounts are relatively small.
• The vesting of restricted stock units and subsequent sale of shares could be seen as a form of compensation for the executive.

Key Dates

Keywords

Western Alliance Bancorporation, Timothy W. Boothe, stock transactions, Form 4, restricted stock units, insider trading, Chief Administration Officer, WAL