GIBBONS DALE 4
4 · WESTERN ALLIANCE BANCORPORATION · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Western Alliance (WAL) Vice Chair Dale Gibbons Sells 40,000 Shares
What Happened
Dale Gibbons, Vice Chair and Chief Banking Officer (Deposits) of Western Alliance Bancorporation (WAL), sold a total of 40,000 shares on June 9, 2026 in open-market transactions (sales). The sale comprised 33,228 shares at a weighted-average price of $82.64 (proceeds $2,745,962) and 6,772 shares at a weighted-average price of $81.16 (proceeds $549,616), for combined proceeds of approximately $3,295,578. Sales are labeled as S (sale) on the Form 4.
Key Details
- Transaction date: 2026-06-09; Form 4 filed 2026-06-10 (filed the next day; timely).
- Shares sold: 33,228 @ weighted avg $82.64 (range $83.06–$82.50) and 6,772 @ weighted avg $81.16 (range $81.32–$81.02). Total shares sold = 40,000; total proceeds ≈ $3.30M. (Footnotes F1 & F2 explain the weighted-average pricing and price ranges.)
- Shares owned after transaction: not specified in the provided filing. Footnote F3 notes 401(k) plan holdings include employer match as of 5/28/26.
- Transaction type: open market/private sale (Form 4 reports S = sale). No 10b5-1 plan or tax withholding noted in the provided items.
Context
Sales by executives can be routine (diversification, tax planning, 401(k) rules, etc.) and do not by themselves indicate company performance. This filing is a straightforward disclosure of an insider sale; there is no public indication in the report of option exercises, awards, or other derivative transactions.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-09$82.64/sh−33,228$2,745,962→ 273,865 total - Sale
Common Stock
[F2]2026-06-09$81.16/sh−6,772$549,616→ 267,093 total
- 612(indirect: By 401(k))
Common Stock
[F3]
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.06 to $82.50, inclusive. The reporting person undertakes to provide to Western Alliance Bancorporation, any security holder of Western Alliance Bancorporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.32 to $81.02, inclusive.
- [F3]Reflects shares held in the 401K Plan to include employer match as of 5/28/26.