NELSON DAVID D 4

What Happened David D. Nelson, CEO, President and a director of West Bancorporation (WTBA), was granted 17,000 restricted stock units (RSUs) on February 23, 2026. The reported acquisition price is $0.00 (code A — award/grant), so the filing lists a reported value of $0 for the grant. This was a compensation award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-02-23 (Form filed 2026-02-24). No late filing indicated.
• Grant: 17,000 RSUs reported at $0.00 (award/grant, code A).
• Vesting: 8,500 RSUs vest in five equal annual installments beginning March 25, 2027 (i.e., 1,700 RSUs per year); the other 8,500 RSUs cliff vest on March 25, 2029 subject to performance criteria set by the Compensation Committee (see footnote).
• Related items in the filing:
  • 325 previously reported performance stock units did not vest because performance conditions were not met.
  • 1,169 shares were acquired via dividend reinvestment in the company 401(k) plan during Apr–Dec 2025.
• Shares owned after the transaction: not specified in the information provided in this summary.

Context RSUs are a form of equity compensation that convert into actual shares only if and when they vest; the portion subject to performance conditions may be forfeited if targets are not met (as shown by the 325 PSU shares that failed to vest). Awards like this are routine executive compensation and do not by themselves indicate a buy/sell market signal.