West Bancorporation (WTBA) EVP uses 6,111 shares to cover RSU taxes

Rhea-AI Filing Summary

West Bancorporation Inc Executive Vice President Bradley P. Peters reported a tax-related share disposition. On March 25, 2026, 6,111 shares of common stock were withheld at $23.71 per share to cover payroll taxes due upon vesting of restricted stock units. After this withholding, Peters directly holds 86,524 shares of common stock. A footnote also states that 719 previously reported performance stock units did not vest because the required performance conditions were not met.

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

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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^*

Peters Bradley P

(Last) (First) (Middle)

714 LAKESIDE DR

PO BOX 34

(Street)

ELYSIAN MINNESOTA 56028

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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

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

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

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	03/25/2026		F		6,111(1)	D	$23.71	86,524(2)	D

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. Restricted stock units withheld to pay payroll taxes due upon vesting and issuance of restricted stock units shares on March 25, 2026.

2. 719 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.

Remarks:

	/s/ Melissa L. Gillespie, By Power of Attorney	03/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did West Bancorporation (WTBA) report for Bradley P. Peters?

West Bancorporation reported that Executive Vice President Bradley P. Peters had 6,111 shares of common stock withheld to cover payroll taxes on vested restricted stock units. This is a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation processing.

At what price were Bradley P. Peters’ WTBA shares withheld for taxes?

The 6,111 West Bancorporation shares were withheld at a price of $23.71 per share to satisfy payroll tax obligations tied to vesting restricted stock units. This price is used for tax valuation purposes, not as the result of an open-market trade or discretionary sale.

How many WTBA shares does Bradley P. Peters hold after this Form 4 transaction?

Following the tax-withholding disposition, Bradley P. Peters directly holds 86,524 shares of West Bancorporation common stock. This figure reflects his remaining position after 6,111 shares were withheld for payroll taxes connected to the vesting of restricted stock units on March 25, 2026.

Were any West Bancorporation performance stock units forfeited in this WTBA Form 4?

Yes. The filing notes that 719 previously reported performance stock units did not vest because applicable performance conditions were not satisfied. This means those units were forfeited and did not convert into common shares, reducing potential future equity from that particular award.

Does the WTBA Form 4 indicate an open-market sale by Bradley P. Peters?

No. The Form 4 shows a code F transaction, meaning shares were withheld to pay payroll taxes on vested restricted stock units. This is a non-market, administrative disposition and does not represent Peters choosing to sell shares on the open market for liquidity or portfolio reasons.