West Bancorporation (WTBA) CFO receives 15,000-share grant with performance vesting

Rhea-AI Filing Summary

West Bancorporation Inc. Chief Financial Officer Jane M. Funk reported an equity award and related share updates. She acquired 15,000 shares of common stock on February 23, 2026 as a grant, award, or other acquisition at a stated price of $0.0000 per share, bringing her directly held total to 78,269 shares.

Footnotes explain this reflects a grant of restricted stock units, with 7,500 units vesting in five equal annual installments beginning March 25, 2027 and 7,500 units that cliff vest on March 25, 2029 if performance criteria set by the Compensation Committee are met. Separately, 260 previously reported performance stock units did not vest because performance conditions were not satisfied. In addition, 11 shares were acquired through dividend reinvestment purchases in the employee savings 401(k) plan during the period from January 1, 2025 through December 31, 2025, and indirect 401(k) holdings now total 220 shares.

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^*

FUNK JANE M

(Last) (First) (Middle)

2702 NE TRILEIN DRIVE

(Street)

ANKENY IA 50021

(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)
	CFO

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	78,269(2)	D
COMMON STOCK								220(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. 260 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.

3. 11 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.
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FAQ

What insider transaction did WTBA CFO Jane M. Funk report on this Form 4?

WTBA CFO Jane M. Funk reported acquiring 15,000 shares of common stock as a grant, award, or other acquisition. This equity award increased her directly held position to 78,269 shares, reflecting routine executive compensation rather than an open-market purchase.

How do the 15,000 granted shares to WTBA’s CFO vest over time?

The 15,000-share grant is tied to restricted stock units with two vesting structures. 7,500 units vest in five equal annual installments starting March 25, 2027, while 7,500 units cliff vest on March 25, 2029, subject to Compensation Committee performance criteria.

Did any previously reported WTBA performance stock units fail to vest for the CFO?

Yes. The filing notes that 260 shares of previously reported performance stock units did not vest. The performance conditions attached to these units were not satisfied, so the units were forfeited rather than converting into common stock for the CFO.

What changes occurred in Jane M. Funk’s WTBA 401(k) holdings?

Indirect ownership through the 401(k) plan rose via dividend reinvestment. The filing states 11 shares were acquired through dividend reinvestment purchases between January 1, 2025 and December 31, 2025, resulting in 220 shares now held indirectly in the 401(k).

Is the WTBA CFO’s Form 4 transaction an open-market stock purchase or a compensation grant?

The reported transaction is a compensation-related grant, not an open-market purchase. It is coded as a grant, award, or other acquisition of 15,000 shares at a stated price of $0.0000 per share, with vesting tied to time and performance conditions.