Western Alliance (WAL) CBO Tim Bruckner Settles 415 Units for $34.2K

What Happened

• Tim R. Bruckner, Chief Banking Officer for Regional Banking at Western Alliance (WAL), had a total of 415 cash‑settled units (economic equivalents of common shares) converted and settled for cash on Aug 15, 2026. The units were disposed to the issuer at $82.32 per share in three tranches (158, 115, and 142 units), producing cash proceeds of about $13,007, $9,467, and $11,689, respectively — roughly $34,163 total.
• This was not an open‑market purchase; it represents the cash settlement of vested equity units (a routine compensation/vesting event), not a directional purchase of stock.

Key Details

• Transaction date: Aug 15, 2026; settlement price: $82.32 per share.
• Tranches: 158 shares ($13,007), 115 shares ($9,467), 142 shares ($11,689); total 415 shares / ~$34,163.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: Units vest and are payable solely in cash under schedules beginning March 2024, March 2025, and March 2026 (vesting monthly over 36 months); each unit equals the economic value of one common share.
• Filing: Form 4 filed Aug 18, 2026 (three days after the transaction date shown).

Context

• These entries reflect exercise/conversion of derivative units and immediate disposition to the issuer (cash settlement). That is functionally similar to exercising vested awards and receiving cash rather than receiving or selling shares in the open market.
• Such cash settlements are typically routine compensation/vesting events and do not by themselves signal executive sentiment about the stock price.