West Bancorporation (WTBA) EVP awarded 15,000 restricted stock units

Rhea-AI Filing Summary

West Bancorporation Inc. Executive Vice President Bradley P. Peters reported an equity award of 15,000 shares of common stock, acquired as restricted stock units at a stated price of $0.00 per share. After this grant, his directly held common stock position is 93,354 shares.

The award consists of 7,500 restricted stock units that vest in five equal annual installments beginning on March 25, 2027, and 7,500 performance-based units that cliff vest on March 25, 2029, if specified performance criteria set by the Compensation Committee are met. Separately, 260 previously reported performance stock units did not vest because their performance conditions were not achieved.

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

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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 MN 56028

(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	93,354(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. 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. 260 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	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.
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FAQ

What did West Bancorporation (WTBA) insider Bradley P. Peters report in this Form 4?

Bradley P. Peters reported receiving an award of 15,000 shares of West Bancorporation common stock via restricted stock units. The grant was at a stated price of $0.00 per share and increased his directly held position to 93,354 shares after the transaction.

How are Bradley P. Peters’ new West Bancorporation (WTBA) restricted stock units structured?

The 15,000-share award is split between time-based and performance-based units. 7,500 units vest in five equal annual installments starting March 25, 2027, while 7,500 performance units cliff vest on March 25, 2029, if the Compensation Committee’s performance criteria are satisfied.

Did Bradley P. Peters buy West Bancorporation (WTBA) shares on the open market?

No, the Form 4 shows a grant or award acquisition of 15,000 shares at $0.00 per share. These shares were acquired through restricted stock unit awards, not through an open-market purchase, and are subject to vesting and performance conditions.

What is Bradley P. Peters’ West Bancorporation (WTBA) share ownership after this transaction?

Following the restricted stock unit grant, Bradley P. Peters directly holds 93,354 shares of West Bancorporation common stock. This total reflects the newly awarded units as reported in the Form 4 and represents his direct ownership position after the award transaction.

What performance-based conditions affect Bradley P. Peters’ West Bancorporation (WTBA) award?

Half of the 15,000-unit award, or 7,500 units, will vest on March 25, 2029 only if performance criteria set by the Compensation Committee are achieved. The filing also notes that 260 earlier performance stock units failed to vest because required performance conditions were not met.

Were any previously granted West Bancorporation (WTBA) performance units forfeited by Bradley P. Peters?

Yes. The filing states that 260 previously reported performance stock units did not vest because the applicable performance conditions were not satisfied. This indicates those earlier performance-based awards were forfeited when the targets were not achieved.