Boothe Timothy W 4

What Happened

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), exercised/converted vested derivative units and immediately disposed of the resulting 235 shares to the issuer on March 15, 2026.
• Transactions: converted/acquired 97, 69 and 69 units (total 235) at $0.00 and sold/disposed those 97, 69 and 69 shares at $67.97 each, generating aggregate proceeds of $15,973.

Key Details

• Transaction date: 2026-03-15; filing date (Form 4): 2026-03-17.
• Prices: disposition price $67.97 per share; acquisition entries recorded at $0.00 (reflecting conversion/settlement of awards).
• Counts: 97 + 69 + 69 = 235 units/shares converted and sold; total proceeds $15,973.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes: units are economic equivalents of one share (F2) and vest/payable in cash on monthly schedules (F1, F3, F4 describe 36‑month vesting periods beginning Mar 2024, Mar 2025, and Mar 2026).
• Filing timeliness: reported two days after the trades (Form 4 filed 2026-03-17 for trades on 2026-03-15).

Context

• This appears to be a cash-settlement or immediate sale of vested award units (exercise/conversion followed by disposition to the issuer), not an open‑market purchase. The matching acquisition and disposition counts indicate no net increase in shares held from these entries; instead, the insider converted vested units into cash proceeds.