Form 4: Western Alliance Bancorporation: Officer Kennedy Reports Stock Transactions
SEC Form 4 Filing
Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reports the vesting and disposal of cash-settled restricted stock units and common stock transactions.
Summary
- On April 15, 2024, Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Kennedy acquired 101 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, Kennedy disposed of 101 shares of common stock at a price of $56.16 per share.
- Following these transactions, Kennedy directly owns 19,060 shares of common stock and indirectly owns 22,797 shares through the Kennedy Family Trust.
- Kennedy also directly owns 3,422 cash-settled restricted stock units, which vest monthly over a 36-month period starting in March 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer, with no inherent positive or negative sentiment. It reflects routine compensation and portfolio management.
Future Outlook
The cash-settled restricted stock units vest monthly over a 36-month period, indicating ongoing transactions in the future.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The vesting of restricted stock units is part of the executive compensation plan, impacting employee benefits.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of stock transactions (acquisition and disposal of shares and vesting of restricted stock units). |
| 04/17/2024 | Date of signature by Attorney-in-fact. |
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