West Bancorp EVP uses 6,162 shares for taxes

West Bancorporation Inc executive vice president Brad L. Winterbottom reported a compensation-related share withholding rather than an open-market trade.

Accepted by SEC EDGAR 03/26/2026 - 04:28 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

West Bancorporation Inc executive vice president Brad L. Winterbottom reported a compensation-related share withholding rather than an open-market trade. On March 25, 2026, 6,162 shares of common stock were withheld at $23.71 per share to cover payroll taxes due upon the vesting and issuance of restricted stock units. After this tax-withholding disposition, he held 148,589 shares directly, plus 6,607 shares held indirectly by his spouse and 26,058 shares held indirectly through a 401(k) plan. The filing also notes that 719 performance stock units previously reported did not vest because the applicable performance conditions were not satisfied.

Insider Trade Summary

Exercise Price or Tax Liability: 6,162 shares

Exercise Price or Tax Liability 1 txn

Insider WINTERBOTTOM BRAD L

Role EXECUTIVE VICE PRESIDENT

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	COMMON STOCK	6,162	$23.71	$146K
Holding	COMMON STOCK	--	--	--
Holding	COMMON STOCK	--	--	--

Holdings After Transaction: COMMON STOCK — 148,589 shares (Direct); COMMON STOCK — 6,607 shares (Indirect, Held by spouse); COMMON STOCK — 26,058 shares (Indirect, By 401(k) Plan)

Holdings Before and After: COMMON STOCK, 154,751 to 148,589 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units withheld to pay payroll taxes due upon vesting and issuance of restricted stock units shares on March 25, 2026.
2. F2. 719 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.

FAQ

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

What insider transaction did WTBA executive Brad Winterbottom report?

Brad Winterbottom reported a tax-withholding disposition of 6,162 West Bancorporation common shares. The shares were withheld on March 25, 2026 to pay payroll taxes triggered by the vesting and issuance of restricted stock units, not sold in an open-market transaction.

At what price were Brad Winterbottom’s WTBA shares withheld for taxes?

The 6,162 West Bancorporation shares were withheld at $23.71 per share. This price reflects the value used to satisfy payroll tax obligations arising from the vesting and issuance of restricted stock units on March 25, 2026, rather than a voluntary market sale.

How many WTBA shares does Brad Winterbottom hold after this Form 4?

Following the tax-withholding event, Brad Winterbottom held 148,589 West Bancorporation shares directly. He also had 6,607 shares held indirectly by his spouse and 26,058 shares held indirectly through a 401(k) plan, illustrating a substantial remaining ownership position after the withholding.

Did any of Brad Winterbottom’s WTBA performance stock units fail to vest?

Yes. The filing states that 719 previously reported performance stock units did not vest. The units failed because the applicable performance conditions were not satisfied, meaning those shares were never issued to Brad Winterbottom under the company’s performance-based equity program.

Was Brad Winterbottom’s WTBA Form 4 transaction an open-market sale?

No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were automatically withheld by West Bancorporation to pay payroll taxes due when restricted stock units vested and converted into common stock on March 25, 2026.

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

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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 IOWA 50315

(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		6,162(1)	D	$23.71	148,589(2)	D
COMMON STOCK								6,607	I	Held by spouse
COMMON STOCK								26,058	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. 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)