Form 4: Western Alliance Bancorporation Vice Chairman Dale Gibbons Reports Stock Transactions
SEC Form 4 Filing
Dale Gibbons, Vice Chairman and CFO of Western Alliance Bancorporation, reports the vesting and cash settlement of restricted stock units and a related stock disposal.
Summary
- On September 15, 2024, Dale Gibbons, Vice Chairman and CFO of Western Alliance Bancorporation, reported transactions involving the company's common stock.
- 285 cash-settled restricted stock units vested and were payable in cash.
- Mr. Gibbons disposed of 285 shares of common stock at a price of $81.91 per share.
- Following these transactions, Mr. Gibbons directly owns 294,726 shares of Western Alliance Bancorporation common stock.
- He also indirectly owns 613 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at Western Alliance Bancorporation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock sales.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date to include employer match in 401K Plan |
| 09/15/2024 | Date of the reported transactions (vesting of restricted stock units and stock disposal). |
| 09/17/2024 | Date of signature by Attorney-in-fact. |
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