Kennedy (CHRO) sold 11,083 shares at $81.59, reducing stake by -58.1%, retaining 7,977 shares at WAL.
Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, sold 11,083 shares at $81.59 on 2024-08-26, reducing her holdings from 19,060 shares to 7,977 shares—a -58.1% reduction in her position. The sale occurred near the 52-week high of $82.10, with the stock currently trading at $80.60. The company reports strong fundamentals: net income of $193,600,000.00 in the latest quarter, annual revenue growth of +123.6%, and a P/E of 12.07, suggesting a valuation that remains reasonable despite the recent strength. The sale represents a significant reduction of the executive's equity stake, though she retains material holdings; the timing relative to the stock's proximity to its 52-week peak and the scale of the reduction warrant investor attention to any contemporaneous disclosure context.