FUNK JANE M 4

What Happened Jane M. Funk, Chief Financial Officer of West Bancorporation (WTBA), received a grant of 15,000 restricted stock units (RSUs) on February 23, 2026 (SEC transaction code A). The grant price is reported as $0.00 because this is an equity award rather than an open-market purchase; no cash changed hands in this filing.

Key Details

• Transaction date: 2026-02-23; Filing date: 2026-02-24 (appears timely).
• Reported amount: 15,000 RSUs; reported acquisition price: $0.00 (award/grant).
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnote F1: 7,500 of the RSUs vest in five equal annual installments beginning March 25, 2027 (i.e., 1,500/year), and the other 7,500 cliff vest March 25, 2029 subject to performance criteria set by the Compensation Committee.
• Footnote F2: Separately, 260 previously reported performance stock units did not vest because performance conditions were not met (those units were forfeited).
• Footnote F3: 11 shares were added to the insider’s 401(k) via dividend reinvestment during 2025 (reported here).
• Transaction type: Award/Grant (not a purchase or sale); no immediate sale or option exercise reported.

Context RSU grants are compensation awards that vest over time or upon achievement of performance goals; they do not represent an immediate cash purchase or sale and therefore are not a direct bullish/bearish signal by themselves. The filing shows both a new RSU grant and the forfeiture of 260 prior performance units, reflecting standard compensation accounting and performance outcomes rather than open-market insider buying or selling.