WAL Chief Admin Officer Timothy Boothe Sells 235 Shares

What Happened

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), exercised/converting derivative units and immediately disposed of the resulting 235 shares to the issuer on 2026-09-15.
• The transactions break down as 97 + 69 + 69 shares acquired at an exercise/conversion price of $0.00 and disposed to the issuer at $79.03 per share, producing proceeds of $7,666; $5,453; and $5,453 respectively — total proceeds $18,572.
• This is effectively a cash-settlement/issuer disposition rather than an open-market purchase; such transactions are commonly routine compensation vesting or tax withholding events rather than a market buy signal.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17 (filed within the typical 2-business-day window).
• Prices and amounts: dispositions at $79.03 per share for 97, 69 and 69 shares; total proceeds $18,572.
• Shares owned after transaction: not provided in the excerpt (check the full Form 4 for post-transaction holdings).
• Footnotes: F1–F4 state these units are the economic equivalent of one share and vest/payable solely in cash on a 1/36th monthly schedule across different 36-month periods (beginning March 2024, March 2025, and March 2026).
• No 10b5-1 plan or other special instructions were disclosed in the excerpt provided.

Context

• The filing shows derivative exercises (transaction code M) followed by disposition to the issuer (code D), which typically reflects cash settlement or surrender of shares to cover tax or to effect payout of cash-settled units. In short, Boothe converted vested units and received cash rather than retaining newly issued shares.
• Such disposals tied to compensation vesting are generally routine and do not by themselves indicate the insider’s view of the company’s stock.