GIBBONS DALE 4
Research Summary
AI-generated summary
Western Alliance (WAL) Vice Chair Dale Gibbons Sells Shares
What Happened
- Dale Gibbons, Vice Chair and Chief Banking Officer (Deposits) of Western Alliance Bancorporation, disposed of shares to satisfy tax/withholding obligations tied to an equity exercise. The filing shows 968 shares on 2026-02-06 at $94.39 ($91,370) and 2,337 shares on 2026-02-07 at $94.39 ($220,589), a combined 3,305 shares worth $311,959.
- These are disposals for tax withholding (transaction code F), a common and typically routine outcome when options or awards are exercised.
Key Details
- Transaction dates and prices:
- 2026-02-06: 968 shares at $94.39 — $91,370
- 2026-02-07: 2,337 shares at $94.39 — $220,589
- Total: 3,305 shares — $311,959
- Transaction type: F = shares surrendered/withheld to cover tax liability related to an equity award/exercise.
- Shares owned after the transaction: not stated in the excerpt provided.
- Footnote: F1 — Reflects shares held in the 401(k) Plan to include employer match as of 2/5/26.
- Filing: Report filed 2026-02-10 covering transactions on 2/6–2/7; no late-filing flag provided in the data supplied.
Context
- These disposals appear to be tax-withholding shares tied to an equity exercise rather than open-market sales; such transactions are routine and do not by themselves signal a change in insider sentiment.