WEST BANCORPORATION INC·4

Mar 26, 4:29 PM ET

FUNK JANE M 4

Research Summary

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WEST BANCORPORATION (WTBA) CFO Jane M. Funk Withholds 6,033 Shares for Taxes

What Happened
Jane M. Funk, Chief Financial Officer of West Bancorporation (WTBA), had 6,033 restricted stock unit (RSU) shares withheld to satisfy payroll tax withholding obligations upon vesting. The withholding was reported as a disposition (code F) on March 25, 2026, at a price of $23.71 per share, totaling $143,042.

Key Details

  • Transaction date and price: March 25, 2026 — 6,033 shares withheld at $23.71/share (total $143,042).
  • Transaction type: Tax withholding upon RSU vesting (SEC code F), not an open-market sale.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: F1 — RSUs withheld to pay payroll taxes upon vesting and issuance on March 25, 2026. F2 — 719 previously reported performance stock units did not vest because performance conditions were not met.
  • Filing timeliness: Reported on March 26, 2026 (filed the next day), which is timely for Form 4 reporting.

Context
Withholding shares to cover payroll taxes is a routine administrative action when RSUs vest and generally does not indicate a deliberate sale or change in insider sentiment. The filing shows a tax-related disposition rather than a market sale or purchase.