Boothe Timothy W 4

What Happened

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, had vested derivative/award units converted (reported as "M" — exercise/conversion) and immediately disposed/surrendered the resulting 235 shares to the issuer (reported as "D") on July 15, 2026.
• The disposals were at $81.79 per share (97 + 69 + 69 shares), producing total cash proceeds of approximately $19,220.65 (filing rounds to ~$19,222). The conversion shows $0.00 acquisition cost per share, consistent with vested awards or cash‑settled units rather than a traditional option purchase.

Key Details

• Transaction date: July 15, 2026; filing date: July 17, 2026 (timely Form 4 filing).
• Shares disposed: 97, 69, and 69 (total 235 shares) at $81.79 each.
• Approximate total proceeds: $19,220.65 (per-line rounding in the filing shows $7,934; $5,644; $5,644).
• Acquisition cost shown as $0.00 for the conversions (reported as M).
• Shares owned after the transaction: not specified in the excerpt provided.
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer (surrender/sale to company).
• Filing notes (footnotes F1–F4): the reported units are economic equivalents of common stock and vest/pay out solely in cash on a monthly schedule (various 36‑month vesting schedules beginning March 2024, 2025, and 2026).

Context

• This appears to be a routine vesting/conversion of cash‑settled award units combined with an immediate surrender/sale back to the company for cash (similar in effect to a cash settlement or sell‑to‑cover). Such transactions reflect award vesting and cash payment rather than an open‑market sale signaling a discretionary decision to reduce exposure.