West Bancorporation (WTBA) director awarded 1,430 restricted shares as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parson Rosemary reported acquisition or exercise transactions in this Form 4 filing.
WEST BANCORPORATION INC director Rosemary Parson received an equity grant of company stock. She was awarded 1,430 shares of common stock at no cash cost as a grant or award, increasing her direct holdings to 8,148 shares after the transaction.
The grant was delivered as restricted stock units that will vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual stockholder meeting at which directors stand for re-election. This reflects routine director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parson Rosemary
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 1,430 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 8,148 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 1,430 shares
Grant price: $0.00 per share
Shares owned after grant: 8,148 shares
3 metrics
Shares granted
1,430 shares
Restricted stock unit grant to director
Grant price
$0.00 per share
Equity awarded as compensation, not purchased
Shares owned after grant
8,148 shares
Director’s direct holdings following transaction
Key Terms
restricted stock units, grant date, annual meeting of the Company's stockholders, direct ownership
4 terms
restricted stock units financial
"Shares were acquired pursuant to a grant of restricted stock units which vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant date financial
"vest as of the earlier to occur of 1) the one-year anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
annual meeting of the Company's stockholders financial
"or 2) the next regularly scheduled annual meeting of the Company's stockholders"
direct ownership financial
"total_shares_following_transaction": "8148.0000" ... "ownership_type": "direct""
FAQ
What did WEST BANCORPORATION INC (WTBA) director Rosemary Parson report on this Form 4?
She reported an award of 1,430 shares of WEST BANCORPORATION INC common stock. The shares were granted as restricted stock units, increasing her direct holdings to 8,148 shares after the transaction, and represent routine director equity compensation rather than an open-market trade.
What are the vesting terms of Rosemary Parson’s restricted stock units in WTBA?
The restricted stock units vest on the earlier of two events. They vest either on the one-year anniversary of the grant date or at the next regularly scheduled annual meeting of WEST BANCORPORATION INC stockholders where directors stand for re-election, whichever occurs first.
Was Rosemary Parson’s WTBA transaction an open-market buy or a compensation grant?
It was a compensation grant, not an open-market buy. The Form 4 labels the code as an acquisition by grant or award, and the shares were received at $0.00 per share as restricted stock units granted for director service.