Form 4: Western Alliance Bancorporation: Officer Ardrey J. Kelly Jr. Reports Stock Disposals
SEC Form 4 Filing
Ardrey J. Kelly Jr., Chief Accounting Officer of Western Alliance Bancorporation, reported the disposal of common stock to cover tax obligations.
Summary
- On February 16, 2025, Ardrey J. Kelly Jr., the Chief Accounting Officer of Western Alliance Bancorporation, disposed of shares of common stock.
- The transactions involved the disposal of 102 shares and 204 shares at a price of $88.75 per share.
- Following these transactions, Mr. Kelly directly owns 3,214 shares of Western Alliance Bancorporation common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company officer. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's stock.
Stakeholder Impact
- The disposal of shares by a company officer could be perceived negatively by some shareholders, but it is often a routine transaction for tax purposes and may not reflect a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Date of stock disposal transactions |
| 02/19/2025 | Date of signature by Attorney-in-fact |
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