Form 4: Western Alliance Bancorporation: Officer Boothe Reports Stock Unit Transactions

Timothy Boothe, Chief Operating Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.

Summary

• On July 15, 2024, Timothy W. Boothe, the Chief Operating Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
• Boothe disposed of 97 common stock units through the vesting of cash-settled restricted stock units.
• The price of the disposed common stock was $69.84.
• Following the reported transactions, Boothe directly owns 62,513 shares of common stock and indirectly owns 325 shares through his spouse, Alvina Boothe.
• He also directly owns 3,010 cash-settled restricted stock units.
• These units vest monthly over a 36-month period, starting in March 2024 and ending in February 2027.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The remaining cash-settled restricted stock units will continue to vest monthly until February 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, which is common in the financial industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it represents a small change in the officer's holdings.

Key Dates