Western Alliance (WAL) CEO Kenneth Vecchione Sells Shares

What Happened

• Kenneth Vecchione, Chairman, President & CEO of Western Alliance Bancorporation, reported exercises/conversions of derivative units and the immediate disposition (surrender) of the resulting 1,571 shares to the issuer on Aug 15, 2026. The reported dispositions were at $82.32 per share for gross proceeds of approximately $129,324. The exercise/conversion lines show a $0.00 exercise price for the acquired units.

Key Details

• Transaction date: Aug 15, 2026; Filing date: Aug 18, 2026 (filed within the usual two-business-day window).
• Shares disposed: 539, 437 and 595 shares (total 1,571) at $82.32 each; proceeds ≈ $44,370, $35,974 and $48,980 respectively (total ≈ $129,324).
• Exercise/conversion entries reported with $0.00 exercise price for the acquired units; several derivative-conversion lines also appear with N/A pricing (these reflect the derivative conversion reporting, not additional cash sales).
• Shares owned after the transaction: not reported in the excerpt provided.
• Footnotes of note:
  • F1/F3/F4: The units referenced vest and are payable solely in cash on a 1/36th monthly schedule for various grant vintages (Mar 2024–Feb 2027; Mar 2025–Feb 2028; Mar 2026–Feb 2029).
  • F2: Each unit equals the economic equivalent of one share of common stock.
  • F5: Reflects 401(k) holdings including employer match as of 8/6/2026.

Context

• These entries look like compensation-related derivative/unit conversions followed by surrender/disposition to the issuer (commonly seen when units are cash-settled or when shares are withheld/surrendered to satisfy tax or settlement obligations). Because the exercise price is listed as $0.00 and the shares were immediately disposed to the issuer, this appears to be a routine, compensation/settlement-related transaction rather than an open-market sale expressing a view on the stock.