Vecchione Kenneth 4
4 · WESTERN ALLIANCE BANCORPORATION · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
WAL CEO Kenneth Vecchione Exercises Units, Sells 1,571 Shares
What Happened
Kenneth Vecchione, President & CEO and a director of Western Alliance Bancorporation (WAL), converted/exercised derivative units and immediately disposed of the resulting 1,571 shares to the issuer on March 15, 2026. The sales were reported as dispositions to the issuer at $67.97 per share: 539 shares ($36,636), 437 shares ($29,703), and 595 shares ($40,442), for total proceeds of about $106,781. Transaction codes reported: M = exercise/conversion of derivative; D = disposition to the issuer.
Key Details
- Transaction date: March 15, 2026. Form filed March 17, 2026 (within the typical 2-business-day reporting window).
- Price: $67.97 per share for the three dispositions. Total value ≈ $106,781.
- Shares converted/exercised (acquired) then disposed: 539 + 437 + 595 = 1,571 shares.
- Shares owned after the transaction: Not specified in the filing.
- Relevant footnotes:
- F1, F3, F4 — The units underlying these conversions vest monthly (1/36th) over 36-month schedules beginning March 2024, March 2025, and March 2026, respectively, and are payable solely in cash.
- F2 — Each unit is the economic equivalent of one share of WAL common stock.
- F5 — Separately notes shares held in the 401(k) plan (employer match) as of 3/5/2026.
- Transaction types: M = exercise/conversion of derivative; D = disposition to the issuer. The filing does not state the specific reason for the disposition (e.g., tax withholding, cash settlement).
Context
These transactions involved converting derivative units that are economically equivalent to shares and then surrendering/selling those shares back to the company (disposition to the issuer). Because the units are described as payable solely in cash and vest monthly, these conversions and dispositions are consistent with routine vesting/settlement activity rather than an open-market sale. The filing is informational and does not provide motivation for the transactions.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-15+539→ 463,717 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−539$36,636→ 463,178 total - Exercise/Conversion
Common Stock
[F3][F2]2026-03-15+437→ 463,615 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−437$29,703→ 463,178 total - Exercise/Conversion
Common Stock
[F4][F2]2026-03-15+595→ 463,773 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−595$40,442→ 463,178 total - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F1]2026-03-15−539→ 5,941 total→ Common Stock (539 underlying) - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F3]2026-03-15−437→ 10,045 total→ Common Stock (437 underlying) - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F4]2026-03-15−595→ 20,807 total→ Common Stock (595 underlying)
- 1,950(indirect: By 401(k))
Common Stock
[F5] - 750(indirect: Darcy Vecchione UTMA (daughter))
Common Stock
Footnotes (5)
- [F1]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.
- [F2]Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
- [F3]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.
- [F4]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029.
- [F5]Reflects shares held in the 401K Plan to include employer match as of 3/5/2026.