Tuesday, October 31, 2017 10:15 PM ET
Western Alliance Bancorp (WAL) sees Significant Insider Sales Extending the Trend of Last Quarter
There was a notable level of share sales at Western Alliance Bancorp by insiders today, as disclosed in form 4 documents filed with the SEC. Two insiders — Robert Gary Sarver, Director and Officer, and Robert Reoch McAuslan, Officer — disposed of 54,000 shares in the company having a market value of approximately $3,036,960. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 223,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 277,000 shares and have averaged 39,571 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Western Alliance Bancorp is above the 184-company peer group average. Commercial Banks peer group saw 316 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Western Alliance Bancorp insiders was also higher. Within the peer group there were 415,756 shares purchased and 1,677,020 shares sold with company insiders having sold 3,991 shares on average.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Robert Gary Sarver, Director and Officer, sold 50,000 shares
* Robert Reoch McAuslan, Officer, sold 4,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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