Boothe Timothy W 4

What Happened

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), converted vested derivative units and immediately disposed of the underlying economic equivalents on May 15, 2026.
• He disposed of 235 shares in three tranches (97, 69, 69) at $74.42 per share for total cash proceeds of approximately $17,489. The conversion entries show $0 per-share acquisition because these were cash‑settled unit vestings rather than a cash purchase.

Key Details

• Transaction date: May 15, 2026; Form 4 filed: May 19, 2026 (filed within the standard reporting window).
• Prices: Dispositions at $74.42 per share; total proceeds ≈ $17,489 (7,219 + 5,135 + 5,135).
• Shares acquired via derivative conversion are recorded at $0 acquisition price and immediately disposed to the issuer (cash settlement).
• Shares owned after the transactions: not reported in the provided filing excerpt.
• Footnotes: F1, F3, F4 indicate these units vest and are payable solely in cash on a 1/36th monthly schedule for grants beginning March 2024, March 2025, and March 2026, respectively; F2 notes each unit equals the economic equivalent of one common share.
• No 10b5-1 plan or tax‑withholding specifics were disclosed in the provided data.

Context

• This appears to be routine cash settlement of vested long‑term incentive units (phantom/RSU‑style awards) rather than an open‑market sale of previously held stock. Because the units are payable solely in cash, the transactions did not issue new shares and are non‑dilutive.
• Such settlements are common for executives receiving cash‑settled awards and do not necessarily indicate a change in sentiment about the company.