Form 4: Western Alliance Bancorporation Executive Timothy W. Boothe Reports Stock Transactions
SEC Form 4 Filing
Chief Administration Officer Timothy W. Boothe of Western Alliance Bancorporation reports transactions involving common stock and cash-settled restricted stock units.
Summary
- On May 15, 2025, Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported transactions involving the company's common stock and cash-settled restricted stock units.
- Boothe disposed of 97 shares of common stock at $78.36 per share and acquired 97 shares through the vesting of cash-settled restricted stock units.
- Additionally, Boothe disposed of 69 shares of common stock at $78.36 per share and acquired 69 shares through the vesting of 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 2,040 and 2,276 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine transactions related to executive compensation. There is no indication of unusual or concerning activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis to gauge management's sentiment and confidence in the company's prospects.
- Comparing the volume and frequency of insider transactions to those of peers like SVB Financial Group (before its acquisition) or other regional banks can provide context.
- However, these transactions are relatively small and likely part of a pre-arranged compensation plan, so they may not be indicative of a significant shift in sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/2024 | Start date for vesting of some cash-settled restricted stock units, vesting 1/36th monthly until February 2027. |
| 03/2025 | Start date for vesting of some cash-settled restricted stock units, vesting 1/36th monthly until February 2028. |
| 05/15/2025 | Date of the reported stock transactions. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
| 02/2027 | End date for vesting of some cash-settled restricted stock units, vesting started in March 2024. |
| 02/2028 | End date for vesting of some cash-settled restricted stock units, vesting started in March 2025. |
Keywords
Western Alliance Bancorporation, WAL, Timothy W. Boothe, Chief Administration Officer, Stock Transactions, Cash Settled Restricted Stock Units, Form 4, Beneficial Ownership
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