Form 4: Western Alliance Bancorporation Officer Stephen Curley Reports Stock Transactions
SEC Form 4
Stephen Curley, Chief Banking Officer of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units.
Summary
- On May 15, 2025, Stephen Curley, Chief Banking Officer of Western Alliance Bancorporation, reported transactions involving common stock and cash-settled restricted stock units.
- Curley acquired 165 shares of common stock through the vesting of cash-settled restricted stock units and simultaneously disposed of 165 shares at a price of $78.36.
- Additionally, Curley acquired 129 shares of common stock through the vesting of cash-settled restricted stock units and simultaneously disposed of 129 shares at a price of $78.36.
- Following these transactions, Curley directly owns 37,739 shares of Western Alliance Bancorporation common stock.
- Curley also holds 3,479 and 4,248 cash-settled restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, similar to the arrangement for Stephen Curley.
- The vesting schedules and terms are generally aligned with industry practices for retaining and incentivizing key personnel.
- Comparable companies such as Bank of America, Citigroup, and JPMorgan Chase also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
- The vesting of restricted stock units incentivizes the executive to contribute to the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Start date for vesting of 1/36th of 165 cash-settled restricted stock units monthly, ending February 2027. |
| 03/01/2025 | Start date for vesting of 1/36th of 129 cash-settled restricted stock units monthly, ending February 2028. |
| 05/15/2025 | Date of the reported transactions: acquisition and disposal of common stock due to vesting of cash-settled restricted stock units. |
| 05/19/2025 | Date of the report filing. |
| 02/01/2027 | End date for vesting of 1/36th of 165 cash-settled restricted stock units monthly, starting March 2024. |
| 02/01/2028 | End date for vesting of 1/36th of 129 cash-settled restricted stock units monthly, starting March 2025. |
Keywords
Western Alliance Bancorporation, Stephen Curley, Stock Transactions, Form 4, Cash-Settled Restricted Stock Units, Beneficial Ownership, WAL
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