27 unchanged sentences
DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
−Removed: The information for directors and executive officers as required pursuant to Item 401 of Regulation S-K can be found under the captions “Proposal 1.
+Added: The information for directors and executive officers as required pursuant to Item 401 and item 405(a) of Regulation S-K can be found under the captions “Proposal 1.
Election of Directors” and “Governance and Board of Directors—Executive Officers of the Company” in the Company’s definitive Proxy Statement on Form DEF 14A, which will be filed with the SEC on or before March 4, 2025, and is incorporated herein by reference.
19 unchanged sentences
2021 Equity Incentive Plan (2021 Plan) was adopted by the Board of Directors and approved by our stockholders.
+Added: The 2021 Plan was amended at the April 2024 annual stockholders’ meeting, upon which the Company obtained shareholder approval to increase the number of shares of common stock authorized for issuance under the 2021 Plan by 550,000 shares, from 625,000 to 1,175,000 shares.
The prior 2017 Equity Incentive Plan (2017 Plan) was frozen with respect to future grants upon approval of the 2021 Plan.
1 unchanged sentence
Awards outstanding under the 2017 Plan will remain subject to the 2017 Plan as long as they remain outstanding.
−Removed: Under the terms of the 2021 Plan, the Company may grant a total of 625,000 shares of the Company’s common stock as nonqualified and incentive stock options, stock appreciation rights and stock awards.
+Added: Under the terms of the 2021 Plan, as amended, the Company may grant a total of 1,175,000 shares of the Company’s common stock as nonqualified and incentive stock options, stock appreciation rights and stock awards.
All employees and directors of the Company and its subsidiary are eligible to become participants in the 2021 Plan.
−Removed: Additional information regarding our equity incentive plans is presented in “Note 13.
−Removed: Stock Compensation Plans” in the notes to the consolidated financial statements pursuant to Item 8.
+Added: Additional information regarding our equity incentive plans is presented in Note 13 of the Notes to the Consolidated Financial Statements included in Item 8 of this Form 10-K.
The following table sets forth information regarding outstanding restricted stock units and shares available for future issuance under these plans as of December 31, 2024.
8 unchanged sentences
2017 Equity Incentive Plan approved by stockholders on April 27, 2017, and the West Bancorporation, Inc.
−Removed: 2021 Equity Incentive Plan approved by stockholders on April 29, 2021.
+Added: 2021 Equity Incentive Plan, as amended, approved by stockholders on April 25, 2024.
(2) Reflects the number of shares available for issuance under the West Bancorporation, Inc.
−Removed: 2021 Equity Incentive Plan as nonqualified and incentive stock options, stock appreciation rights and stock awards.
+Added: 2021 Equity Incentive Plan as stock awards.
The information required pursuant to Item 403 of Regulation S-K can be found under the captions “Governance and Board of Directors—Security Ownership of Certain Beneficial Owners and Executive Officers,” “Governance and Board of Directors—Other Beneficial Owners” and “Governance and Board of Directors—Changes in Control” in the Company’s definitive Proxy Statement on Form DEF 14A, which will be filed with the SEC on or before March 4, 2025, and is incorporated herein by reference.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
−Removed: The information required pursuant to Item 404 and Item 407(a) of Regulation S-K can be found under the captions “Governance and Board of Directors” and “General Matters—Certain Relationships and Related Transactions” in the Company’s definitive Proxy Statement on Form DEF 14A, which will be filed with the SEC on or before March 5, 2024, and is incorporated herein by reference.
+Added: The information required pursuant to Item 404 and Item 407(a) of Regulation S-K can be found under the captions “General Matters—Certain Relationships and Related Transactions” and “Governance and Board of Directors” in the Company’s definitive Proxy Statement on Form DEF 14A, which will be filed with the SEC on or before March 4, 2025, and is incorporated herein by reference.
West Bancorporation, Inc.
35 unchanged sentences
Olafson ( incorporated herein by reference to Exhibit 10.3 filed with the Form 8-K on July 25, 2012 )
−Removed: 10.4* Transitional Employment Agreement dated May 27, 2021, between West Bancorporation, Inc.
−Removed: and Douglas R.
−Removed: Gulling ( incorporated herein by reference to Exhibit 10.1 filed with the Form 8-K on May 27, 2021 )
10.4* Employment Agreement dated April 29, 2021 between West Bancorporation, Inc.
4 unchanged sentences
10.6* West Bancorporation, Inc.
−Removed: and Subsidiary
−Removed: 10.7* West Bancorporation, Inc.
−Removed: Deferred Compensation Plan ( incorporated herein by reference to Exhibit 10.1 filed with the Form 8-K on October 29, 2012 )
+Added: Deferred Compensation Plan (as Amended and Restated November 20, 2024)
10.7* West Bancorporation, Inc.
Employee Savings and Stock Ownership Plan, as amended ( incorporated herein by reference to Exhibit 10.20 filed with the Form 10-K on March 6, 2014 )
+Added: West Bancorporation, Inc.
+Added: and Subsidiary
10.8* Amendment No.
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2021 Equity Incentive Plan Director Restricted Stock Unit Award Agreement ( incorporated herein by reference to Exhibit 4.8 filed with the Form S-8 on April 30, 2021 )
+Added: 10.27* F irst Amendment of the West Bancorporation, Inc.
+Added: 2021 Equity Incentive Plan ( incorporated herein by reference to Exhibit A to the Company’s definitive proxy statement filed with the Securities Exchange Commission on March 5, 2024 )
10.28 Credit Agreement, dated as of December 15, 2021, by and between West Bancorporation, Inc.
5 unchanged sentences
and National Exchange Bank & Trust ( incorporated herein by reference to Exhibit 10.3 filed with the Form 8-K on June 6, 2022 )
−Removed: 10.31* Addendum to Transitional Employment Agreement, dated September 7, 2022, between West Bancorporation, Inc.
−Removed: and Douglas R.
−Removed: Gulling ( incorporated herein by reference of Exhibit 10.31 filed with the Form 10-K on February 23, 2023 )
+Added: 19 Insider Trading Policy
21 Subsidiaries
34 unchanged sentences
February 20, 2025 By:
+Added: /s/ George D.
Chairman of the Board
February 20, 2025 By:
−Removed: /s/ Patrick J.
February 20, 2025 By:
−Removed: February 22, 2024 By:
/s/ Steven K.
5 unchanged sentences
February 20, 2025 By:
−Removed: /s/ George D.
February 20, 2025 By:
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.