WTBA EVP awarded 15,000-share stock grant

WINTERBOTTOM BRAD L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

WINTERBOTTOM BRAD L reported acquisition or exercise transactions in this Form 4 filing.

West Bancorporation Inc. Executive Vice President Brad L. Winterbottom received an equity award of 15,000 shares of common stock on February 23, 2026. The shares were granted at no cash cost as restricted stock units. According to the award terms, 7,500 units vest in five equal annual installments starting March 25, 2027, and the remaining 7,500 units cliff vest on March 25, 2029, if specified performance goals are met. After this grant, he directly holds 155,470 shares, with additional indirect holdings through his spouse and a 401(k) plan.

Insider Trade Summary

Grant/Award: 15,000 shares

Grant/Award 3 txns

Insider WINTERBOTTOM BRAD L

Role EXECUTIVE VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	15,000	$0.00	$0.00
holding	COMMON STOCK	--	--	--
holding	COMMON STOCK	--	--	--

Holdings After Transaction: COMMON STOCK — 155,470 shares (Direct); COMMON STOCK — 6,607 shares (Indirect, Held by spouse); COMMON STOCK — 26,058 shares (Indirect, By 401(k) Plan)

Footnotes (3)

1. F1. Shares were acquired pursuant to a grant of restricted stock units, 7,500 units of which, vest in five equal annual installments beginning March 25, 2027. The remaining 7,500 units cliff vest on March 25, 2029, subject to achievement of performance criteria established by the Compensation Committee as set out in the grant.
2. F2. 325 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.
3. F3. 1,934 shares were acquired pursuant to dividend reinvestment purchases in the employee savings plan 401(k) during the period from January 1, 2025 through December 31, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WTBA executive Brad L. Winterbottom report?

Brad L. Winterbottom reported receiving an award of 15,000 shares of West Bancorporation common stock. The grant was structured as restricted stock units at no cash cost, reflecting equity-based compensation rather than an open-market purchase, and increased his directly held shares to 155,470.

How do the 15,000 awarded WTBA shares for Brad L. Winterbottom vest?

The 15,000 awarded shares vest in two parts. 7,500 restricted stock units vest in five equal annual installments beginning March 25, 2027. The remaining 7,500 units cliff vest on March 25, 2029, contingent on performance criteria set by the Compensation Committee.

Did Brad L. Winterbottom pay cash for the 15,000 WTBA shares he acquired?

No, Brad L. Winterbottom did not pay cash for these 15,000 shares. They were granted as restricted stock units at a reported price per share of $0.0000, indicating an equity compensation award rather than a market purchase, subject to multi-year time- and performance-based vesting.

What are Brad L. Winterbottom’s WTBA share holdings after this Form 4?

Following the award, Brad L. Winterbottom directly holds 155,470 West Bancorporation shares. He also has indirect ownership of additional shares, including holdings described as “Held by spouse” and “By 401(k) Plan,” reflecting family and retirement-plan positions associated with the executive.

What happened to previously reported performance stock units for WTBA’s Brad L. Winterbottom?

A portion of earlier performance stock units did not vest. Specifically, 325 shares tied to performance stock units failed to vest because their performance conditions were not satisfied, illustrating that some prior performance-based equity awards did not meet required targets for West Bancorporation’s executive.

How were additional WTBA shares added to Brad L. Winterbottom’s 401(k) holdings?

Additional shares in Brad L. Winterbottom’s 401(k) were acquired through dividend reinvestment. Footnote disclosure states 1,934 shares were obtained via dividend reinvestment purchases in the employee savings plan 401(k) during the period from January 1, 2025 through December 31, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/24/2026 - 04:42 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WINTERBOTTOM BRAD L

(Last) (First) (Middle)

1820 PARK AVENUE

(Street)

DES MOINES IA 50315

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WEST BANCORPORATION INC [ WTBA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EXECUTIVE VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	02/23/2026		A		15,000(1)	A	$0	155,470(2)	D
COMMON STOCK								6,607	I	Held by spouse
COMMON STOCK								26,058(3)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were acquired pursuant to a grant of restricted stock units, 7,500 units of which, vest in five equal annual installments beginning March 25, 2027. The remaining 7,500 units cliff vest on March 25, 2029, subject to achievement of performance criteria established by the Compensation Committee as set out in the grant.

2. 325 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.

3. 1,934 shares were acquired pursuant to dividend reinvestment purchases in the employee savings plan 401(k) during the period from January 1, 2025 through December 31, 2025.

Remarks:

	/s/ Melissa L. Gillespie, By Power of Attorney	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.