Vecchione Kenneth 4

What Happened

• Kenneth Vecchione, Chairman, President & CEO of Western Alliance Bancorporation, converted/“exercised” vested derivative units and immediately disposed of the resulting 1,571 shares back to the issuer on June 15, 2026. The disposals were reported at $81.81 per share, generating total proceeds of approximately $128,524 (539 shares = $44,096; 437 shares = $35,751; 595 shares = $48,677).
• These transactions reflect conversion of cash-settled units or similar derivative awards rather than an open-market sale—it appears to be a conversion/settlement followed by disposition to the company (commonly used to satisfy tax withholding or net-settlement obligations).

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
• Price reported on dispositions: $81.81 per share.
• Shares disposed to issuer: total 1,571 shares (539 + 437 + 595).
• Total proceeds from disposals: ~$128,524.
• Footnotes: units are cash-settled and vest monthly over multi-year schedules (see F1–F4); F2 notes each unit equals the economic equivalent of one share; F5 references 401(k) holdings as of 6/11/2026.
• Shares owned after the transactions are not provided in the data supplied here.

Context

• This was not an open-market purchase — the insider converted vested units and immediately transferred the shares to the issuer (a cashless/net settlement-style transaction), which is often done to cover tax withholding or settle compensation liabilities and does not necessarily signal a change in the insider’s view of the company.
• No large buy/sell decision by the executive is indicated; transactions appear routine compensation settlement rather than discretionary trading.