Director Sean McMurray receives restricted stock grant at West Bancorporation (WTBA)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

McMurray Sean Patrick reported acquisition or exercise transactions in this Form 4 filing.

West Bancorporation Inc. director Sean Patrick McMurray received an equity award of 1,430 shares of common stock. The shares were granted as restricted stock units at a price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase.

The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders at which directors stand for re-election. Following this grant, McMurray directly holds 48,560 shares of West Bancorporation common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McMurray Sean Patrick

Role null

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	1,430	$0.00	--

Holdings After Transaction: COMMON STOCK — 48,560 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 1,430 shares Grant price: $0.00 per share Shares held after grant: 48,560 shares

3 metrics

Shares granted 1,430 shares Restricted stock unit award to director on April 23, 2026

Grant price $0.00 per share Restricted stock unit grant treated as compensation

Shares held after grant 48,560 shares Director’s direct WTBA common stock holdings post-transaction

Key Terms

restricted stock units, vest, annual meeting of the Company's stockholders

3 terms

restricted stock units financial

"Shares were acquired pursuant to a grant of restricted stock units which vest"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"units which vest as of the earlier to occur of 1) the one-year anniversary"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual meeting of the Company's stockholders financial

"or 2) the next regularly scheduled annual meeting of the Company's stockholders"

Form 4 Insider Transactions: What Each Field Means →

04/24/2026 - 04:26 PM

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^*

McMurray Sean Patrick

(Last)

(First)

(Middle)

13230 ASHLEAF DRIVE

(Street)

CLIVE

IOWA

50325

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	04/23/2026		A		1,430⁽¹⁾	A	$0	48,560	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares were acquired pursuant to a grant of restricted stock units which vest as of the earlier to occur of 1) the one-year anniversary of the grant date, or 2) the next regularly scheduled annual meeting of the Company's stockholders where directors stand for re-election.

Remarks:

	/s/ Melissa L. Gillespie, By Power of Attorney	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WTBA director Sean Patrick McMurray report?

Sean Patrick McMurray reported receiving an award of 1,430 shares of West Bancorporation common stock. The award was structured as restricted stock units with a grant price of $0.00 per share, representing director equity compensation rather than an open-market stock purchase.

How many West Bancorporation (WTBA) shares did McMurray receive and at what price?

McMurray received 1,430 shares of West Bancorporation common stock at a stated price of $0.00 per share. This reflects a grant of restricted stock units as compensation, not a cash-funded purchase, and increases his direct equity exposure to the company.

What are the vesting terms of Sean Patrick McMurray’s WTBA restricted stock units?

The restricted stock units vest on the earlier of two dates. They vest either one year after the grant date, or at the next regularly scheduled annual stockholders’ meeting where directors stand for re-election, aligning the award with the director’s service period.

Is McMurray’s WTBA equity grant an open-market stock purchase?

No, McMurray’s 1,430 WTBA shares were acquired through a grant of restricted stock units. The transaction code indicates a grant or award, and the $0.00 per-share price confirms it is stock-based compensation rather than an open-market buy using personal cash.

How many WTBA shares does Sean Patrick McMurray hold after this transaction?

After the grant of 1,430 restricted stock unit shares, McMurray directly holds 48,560 shares of West Bancorporation common stock. This total reflects his position immediately following the reported award, as disclosed in the Form 4 ownership table.