Western Alliance (WAL) Vice Chair Dale Gibbons Sells Shares

What Happened
Dale Gibbons, Vice Chair and Chief Banking Officer (Deposits) of Western Alliance Bancorporation (WAL), exercised/converted derivative units and immediately disposed of the resulting 726 shares on 2026-09-15. The disposition to the issuer was at $79.03 per share, yielding total proceeds of approximately $57,376. The conversions show an acquisition price of $0.00 (derivative conversion), followed by same-day dispositions.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17 (filed two days after the transactions).
• Trades: 285 shares @ $79.03 = $22,524; 212 shares @ $79.03 = $16,754; 229 shares @ $79.03 = $18,098. Total: 726 shares for ~$57,376.
• Reported as derivative exercise/conversion (code M) followed by disposition to issuer (code D). Acquisition entries list $0.00 cost.
• Shares owned after the transactions are not specified in the provided excerpt.
• Relevant footnotes: units vest monthly and are payable solely in cash over scheduled 36‑month periods (F1, F3, F4); each unit is the economic equivalent of one share (F2); F5 notes 401(k) holdings include employer match as of 9/3/2026.

Context
This filing reflects conversion/vesting of company units and an immediate disposition to the issuer (a same‑day sale/settlement). Such transactions are typically liquidity or settlement events rather than open‑market purchases; they do not by themselves indicate a change in insider's view of the company.