Idnani Vishal 4

What Happened

• Vishal Idnani, Chief Financial Officer of Western Alliance Bancorporation (WAL), exercised/converted a derivative to acquire 123 shares and immediately disposed of those 123 shares to the issuer on March 15, 2026. The disposal price was $67.97 per share, generating proceeds of $8,360.
• The filing shows the exercise/acquisition reported at a $0.00 exercise price and an additional derivative line reported as N/A, indicating the conversion and immediate disposition were part of the same transaction.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
• Shares involved: 123 shares acquired via exercise/conversion and 123 shares disposed to the issuer.
• Price/value: Disposed at $67.97 per share; total proceeds $8,360.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — units vest and are payable solely in cash (1/36th monthly from Mar 2026 through Feb 2029). F2 — each unit is the economic equivalent of one share of common stock.
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer.

Context

• This appears to be an exercise/conversion followed by an immediate sale (a cashless or sell-to-cover style transaction), meaning the shares were not held long-term by the insider. Such disposals are often routine and related to tax or settlement needs rather than an express vote of confidence or concern.
• The cash-settled unit footnote indicates some awards are paid in cash based on share value rather than delivered as stock; that may explain the $0.00 acquisition price and the issuer disposition.