GIBBONS DALE 4

What Happened

• Dale Gibbons, Vice Chair and Chief Business Officer (Deposits) of Western Alliance Bancorporation, received a grant of 7,966 cash‑settled units on 2026-02-15 (each unit equals one share economically). Portions of the award/derivative exercises resulted in 3,911 shares being withheld or surrendered to the issuer to cover tax obligations and other issuer dispositions at $93.20 per share.
• Specific reported movements: 7,966 units granted (acquired at $0); tax withholding of 3,414 shares @ $93.20 = $318,185 (Disposition code F); dispositions to the issuer of 285 shares @ $93.20 = $26,562 and 212 shares @ $93.20 = $19,758. Total cash value surrendered/withheld ≈ $364,505. Several related entries show exercise/conversion of derivatives (codes M) tied to these dispositions.

Key Details

• Transaction date: February 15, 2026; filing date: February 18, 2026 (filing does not indicate it was late).
• Prices: Awards/derivative acquisitions recorded at $0 (cash‑settled units); shares surrendered/withheld at $93.20 per share for tax/issuer dispositions.
• Total shares surrendered/withheld: 3,911 shares (3,414 + 285 + 212).
• Total cash value of surrendered/withheld shares: about $364,505.
• Shares owned after the reported transactions: not specified in the provided data.
• Notable footnotes:
  • F1/F3: Units vest and pay out in cash monthly over multi‑year schedules (1/36th monthly through Feb 2027 and Feb 2028 respectively).
  • F2: Each unit is the economic equivalent of one share of common stock (cash‑settled).
  • F4: Reflects 401(k) holdings including employer match as of 2/5/2026.
• Transaction codes: A = Award/Grant, M = Exercise/conversion of derivative, F = Payment of exercise price or tax liability, D = Disposition to issuer.

Context

• These were not open‑market sales. The dispositions appear to be withholding/surrenders tied to cash‑settled unit vesting and derivative exercises (i.e., to cover taxes and satisfy issuer settlement), not discretionary sales on the market.
• For retail investors: purchases/acquisitions are generally more informative as bullish signals; here the headline is a grant (award of units) with standard tax withholding/surrender activity on vesting/exercise.