Western Alliance (WAL) Timothy Boothe, Chief Admin Officer Sells 235 Shares

What Happened Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), exercised/converted vested equity units and immediately disposed/surrendered the resulting 235 shares to the issuer on August 15, 2026. The filing shows dispositions of 97, 69, and 69 shares at $82.32 each, yielding aggregate proceeds of approximately $19,345 (7,985 + 5,680 + 5,680).

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026 (filing appears timely).
• Dispositions: 97 shares @ $82.32 ($7,985), 69 shares @ $82.32 ($5,680), 69 shares @ $82.32 ($5,680) — total ~235 shares for ~$19,345.
• Acquisitions: Corresponding entries show exercise/conversion of derivative units (code M) with acquisition price listed as $0.00 (reflecting conversion of units).
• Additional derivative entries listed as disposed with N/A price reflect conversion/settlement of those derivative units.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: units are cash-settled and are the economic equivalent of one share (F2). Vesting schedules are noted (F1–F4) — monthly 1/36th vesting across grant periods (Mar 2024–Feb 2027; Mar 2025–Feb 2028; Mar 2026–Feb 2029).

Context

• These transactions reflect conversion/settlement of cash-settled units (economic equivalent of shares) and immediate surrender/disposition to the issuer. Such issuer surrenders are commonly used to satisfy tax-withholding or cash-settlement obligations, though the filing does not state the specific reason.
• This is not a market purchase (not a bullish buy); it's a routine settlement of vested awards rather than an open-market sale initiated by the insider.