Boothe Timothy W 4

What Happened
Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, exercised/converted cash‑settled derivative units and surrendered the resulting economic shares to the issuer on June 15, 2026. He converted 97, 69 and 69 units (235 total) at an effective price of $81.81 per unit, receiving cash proceeds of approximately $19,226 in total. The Form 4 reports the exercise/conversion as acquired at $0.00 (cash‑settled units) and the subsequent disposition to the issuer at $81.81 per unit.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
• Units converted/surrendered: 97, 69, and 69 (235 units total).
• Price per unit paid/received: $81.81; total cash received ≈ $19,226.
• Shares/units acquired at $0.00 reflect cash‑settled derivatives (no out‑of‑pocket exercise price).
• Footnotes: units are cash‑settled deferred units and are the economic equivalent of one share (vesting schedules noted: grants vest monthly over 36‑month periods beginning March 2024, March 2025, and March 2026).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5‑1 plan, tax withholding, or late‑filing indication was provided in the data shown.

Context
This was not a market purchase but a cash settlement of deferred stock/unit awards (derivative conversion and surrender for cash). In practice, that is equivalent to cashing out vested units at the stated per‑unit value rather than a buy/sell trade of open‑market shares; it should be viewed as a routine settlement of compensation rather than a clear bullish signal.