Bruckner Tim R 4

What Happened Tim R. Bruckner, Chief Banking Officer for Regional Banking at Western Alliance Bancorporation, exercised cash‑settled equity units that vested on June 15, 2026 and received cash proceeds. The Form 4 shows three dispositions to the issuer at an economic price of $81.81 per unit: 158 units for $12,926, 115 units for $9,408, and 142 units for $11,617, totaling $33,951. These entries reflect cash payouts of vested units rather than open‑market stock sales or new share purchases.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely — within typical two business‑day window).
• Price used for cash settlement/economic equivalent: $81.81 per unit.
• Amounts received: 158 units → $12,926; 115 units → $9,408; 142 units → $11,617; total ≈ $33,951.
• Shares owned after transaction: filing indicates cash‑settled units (economic equivalents), so no new shares were issued to the insider and beneficial ownership of common stock was not increased by these payouts (no share count reported as acquired).
• Footnotes: Units are the economic equivalent of one share (F2) and vest/payable solely in cash on a monthly schedule — F1 (Mar 2024–Feb 2027), F3 (Mar 2025–Feb 2028), F4 (Mar 2026–Feb 2029).

Context The transaction reflects routine vesting and cash settlement of equity units (not an open‑market sale or a cash purchase of stock). For retail investors, cash‑settled awards primarily indicate compensation realization rather than a direct signal about the insider’s view of the company’s stock. The Form 4 shows exercises/conversions of derivative units followed by dispositions to the issuer, consistent with cash payout of vested units.