GAER STEVEN K 4

What Happened Steven K. Gaer, a director of West Bancorporation Inc. (WTBA), was granted 1,430 restricted stock units (reported as an award, transaction code A) on April 23, 2026. The grant is reported at $0.00 per share (total reported value $0) because it’s an equity award rather than an open-market purchase. This is a compensation-related award, not a sale or market purchase.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-24 (filed one business day after the grant).
• Grant: 1,430 restricted stock units; reported price $0.00; total reported value $0.
• Shares owned after the transaction: Not specified in the filing.
• Footnote: RSUs vest at the earlier of (1) the one-year anniversary of the grant or (2) the next regularly scheduled annual meeting where directors stand for re-election.
• Transaction type: Award/Grant (code A); compensatory equity grant, not an open-market trade.

Context Restricted stock units generally convert to actual shares only upon vesting, so this grant does not represent immediate tradable shares. Such director awards are standard compensation and don’t by themselves signal a buy/sell decision by the insider.