Bruckner Tim R 4

What Happened
Tim R. Bruckner, Chief Banking Officer (CBO) for Regional Banking at Western Alliance Bancorporation (WAL), had a total of 1,508 shares withheld to satisfy tax obligations tied to a prior equity award or option settlement. On 2026-02-06, 576 shares were withheld at $94.39 each ($54,369), and on 2026-02-07, 932 shares were withheld at $94.39 each ($87,971), for a combined value of approximately $142,340. These entries are recorded as tax-withholding dispositions (transaction code F), not open-market sales initiated for investment reasons.

Key Details

• Transaction dates and prices:
  • 2026-02-06: 576 shares withheld @ $94.39 = $54,369
  • 2026-02-07: 932 shares withheld @ $94.39 = $87,971
• Total shares withheld: 1,508; total value ≈ $142,340.
• Transaction type/footnote: Code F — payment of exercise price or tax liability (shares disposed to cover tax withholding).
• Shares owned after the transaction: Not specified in the provided summary; see the full Form 4 for post-transaction holdings.
• Filing: Form 4 was filed 2026-02-10 reporting the 02/06–02/07 transactions; insiders generally must file within two business days — check the full filing for timeliness details.

Context
Withholding shares to cover taxes or exercise costs is a routine administrative step following option exercises or RSU vesting and is not the same as an open-market sale that would signal a deliberate liquidity move. Because these were tax-withholding dispositions (not purchases), they generally do not indicate a bullish signal from the insider. For complete context and holdings, review the full SEC Form 4 (Accession 0001628280-26-006875).