Tuesday, March 06, 2018 10:15 PM ET
Insider Sale at Western Alliance Bancorp (WAL) Continues Selling Trend
There was a substantial sale of shares of Western Alliance Bancorp by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Robert Gary Sarver, Director and Officer — disposed of 134,114 shares in the company having a market value of approximately $8,040,373. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 29 company shares and the disposition of 9,813 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 143,898 shares and have averaged 28,791 shares per transaction over this time period.
Insider buy/sell trading at Western Alliance Bancorp is above the 190 peer company average over the last 90-day period. However, the number of shares per average transaction for Western Alliance Bancorp insider buy-sell trading is very close to the average of the Corporate Banks peer group of companies. This peer group saw 215,561 shares purchased and 8,197,138 shares sold resulting in an average of 28,421 shares traded and netting out with company insiders selling 26,965 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
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