Peters Bradley P 4

What Happened

Bradley P. Peters, Executive Vice President of West Bancorporation (WTBA), was granted 15,000 restricted stock units (RSUs) on 2026-02-23. The units were reported at $0.00 per share (no cash purchase); they are equity compensation subject to vesting and performance conditions rather than an open‑market buy.

Key Details

• Transaction date: 2026-02-23; Form 4 filed 2026-02-24 (appears timely).
• Grant: 15,000 RSUs, acquisition price reported $0.00 (award/grant).
• Vesting: 7,500 RSUs vest in five equal annual installments beginning March 25, 2027; the other 7,500 RSUs cliff vest on March 25, 2029 subject to performance criteria set by the Compensation Committee (footnote F1).
• Previously reported: 260 performance stock units did not vest due to unmet performance conditions (footnote F2).
• Shares owned after the transaction: not disclosed in the provided filing.

Context

This is a compensation grant (award), not a purchase or sale; such grants are common for executives and reflect pay practices rather than immediate trading sentiment. The performance‑contingent portion means part of the grant only becomes shares if specified goals are met by the committee.