Elming Lisa J 4

What Happened

Lisa J. Elming, a director of West Bancorporation, was granted 1,430 shares via a restricted stock unit (RSU) award on 2026-04-23. The Form 4 reports an acquisition at $0.00 per share (total $0), reflecting that this is a compensatory grant rather than a cash purchase.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-24.
• Type: Award/Grant (A) — 1,430 RSUs acquired at $0.00 per share (total reported value $0).
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: RSUs vest on 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.
• Filing timeliness: reported the next day; not indicated as late.

Context

RSU grants to directors are common compensation and do not represent an open‑market purchase or sale. These awards typically vest over time (per the footnote), so they do not indicate an immediate change in market exposure. Retail investors should view this as routine director compensation rather than an explicit buy signal.