Bruckner Tim R 4

What Happened

• Tim R. Bruckner, Chief Banking Officer for Regional Banking at Western Alliance Bancorporation, received an award on 2026-02-05 consisting of 3,403 units reported as acquired at $0.00 and 5,103 derivative units (total 8,506 units). The grant is coded as an award/grant (A) on the Form 4; no cash purchase was made. The filing does not list a dollar value for the derivative portion.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (filed within the SEC’s 2-business-day deadline).
• Reported amounts: 3,403 units @ $0.00 (acquired) and 5,103 derivative units @ N/A.
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 — each unit is the economic equivalent of one share of WAL common stock. F2 — the units vest and are payable solely in cash at a rate of 1/36th on the 15th day of each month from March 2026 through February 2029.
• Transaction code: A = Grant/Award.

Context

• These are compensation awards, not open-market purchases or sales. The derivative units are cash‑settled (paid in cash as they vest) rather than newly issued shares, so they do not immediately increase outstanding share count. This appears to be a routine executive compensation grant rather than a market signal; the filing was timely.