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Insider Trends: Insider Disposition Eases Back 90-Day Buy Trend at Western Alliance Bancorp

05/07/2021 15:01

06:49 PM EDT, 05/07/2021 (MT Newswires) -- Steven J Hilton, Director, sold 10,000 shares of Western Alliance Bancorp (WAL) on May 05, 2021, for $1,081,900. Subsequent to the Form 4 filing with the SEC, Hilton controls a total of 127,148 shares of the company, with 3,074 shares held directly and 124,074 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $13.45 million.

In the 90 days prior to the date of this filing, there have been 40 insider transactions reported to the SEC for Western Alliance Bancorp. These transactions came from the activities of 20 individual insiders that resulted in a net acquisition of 44,995 company shares. Relative to the preceding 90-day window of time, there were 18 transactions from 11 insiders which resulted in the net disposition of 142,404 shares.

This level of transactions is below that of the peer group average in the 212-company Corporate Banks peer group over the last 90-day period. Within the peer group activity averaged 114.7 transactions per company, and disposition of 1,081 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1212545/000121254521000129/xslF345X03/wf-form4_162042761068831.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.