Western Alliance CAO exercises 235 units, holds 65K shares

Western Alliance Bancorporation Chief Administration Officer Timothy W. Boothe reported compensation-related transactions in common stock and cash-settled restricted stock units on June 15, 2026.

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Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation Chief Administration Officer Timothy W. Boothe reported compensation-related transactions in common stock and cash-settled restricted stock units on June 15, 2026.

He exercised a total of 235 cash-settled restricted stock units, each economically equivalent to one share of common stock, and a matching 235 common shares were disposed of back to the issuer at $81.81 per share. Following these transactions, Boothe holds 65,417 shares of common stock directly and 325 shares indirectly through his spouse, Alvina Boothe, and has 779 cash-settled restricted stock units remaining that vest monthly over multi-year schedules.

Insider Trade Summary

235 shares exercised/converted

Exercise 10 txns

Insider Boothe Timothy W

Role Chief Administration Officer

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	97	$0.00	$0.00
Exercise	Cash Settled Restricted Stock Units	69	$0.00	$0.00
Exercise	Cash Settled Restricted Stock Units	69	$0.00	$0.00
Exercise	Common Stock	97	$0.00	$0.00
Disposition	Common Stock	97	$81.81	$8K
Exercise	Common Stock	69	$0.00	$0.00
Disposition	Common Stock	69	$81.81	$6K
Exercise	Common Stock	69	$0.00	$0.00
Disposition	Common Stock	69	$81.81	$6K
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 4,351 contracts (Direct); Common Stock — 65,417 shares (Direct); Common Stock — 325 shares (Indirect, Alvina Boothe (spouse))

Footnotes (4)

F1. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.
F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
F3. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.
F4. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029.

Key Figures

Common shares disposed to issuer: 235 shares at $81.81 Common shares acquired via exercises: 235 shares Direct common stock holdings: 65,417 shares +5 more

8 metrics

Common shares disposed to issuer 235 shares at $81.81 Dispositions to issuer on June 15, 2026

Common shares acquired via exercises 235 shares Derivative exercise/conversion on June 15, 2026

Direct common stock holdings 65,417 shares Total shares following transactions

Indirect common stock holdings 325 shares Held via spouse Alvina Boothe

Remaining cash-settled RSUs 779 units Cash-settled restricted stock units after exercises

Unit vesting schedule (2024 grant) 1/36th monthly Mar 2024–Feb 2027 Cash-settled RSUs vesting pattern

Unit vesting schedule (2025 grant) 1/36th monthly Mar 2025–Feb 2028 Cash-settled RSUs vesting pattern

Unit vesting schedule (2026 grant) 1/36th monthly Mar 2026–Feb 2029 Cash-settled RSUs vesting pattern

Key Terms

Cash Settled Restricted Stock Units, Disposition to issuer, derivative exercise/conversion, economic equivalent, +1 more

5 terms

Cash Settled Restricted Stock Units financial

"security_title: "Cash Settled Restricted Stock Units" with underlying common stock equivalence"

Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer" for common stock transactions"

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for M-coded entries"

economic equivalent financial

"Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock."

vesting financial

"These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did WAL executive Timothy Boothe report?

Timothy W. Boothe reported exercising 235 cash-settled restricted stock units and a corresponding disposition of 235 common shares back to Western Alliance. These transactions are compensation-related and do not involve open-market buying or selling of the company’s stock.

How many Western Alliance (WAL) shares does Timothy Boothe hold after this Form 4?

After the reported transactions, Timothy W. Boothe holds 65,417 Western Alliance common shares directly and 325 shares indirectly through his spouse. These holdings reflect his ongoing equity exposure to the company following the exercise-and-disposition events.

At what price were Western Alliance shares disposed in Timothy Boothe’s Form 4?

Common shares were disposed of to Western Alliance at $81.81 per share. The Form 4 classifies these as dispositions to the issuer, not open-market sales, aligning them with the settlement of compensation-related equity rather than discretionary trading activity.

What are cash-settled restricted stock units reported by WAL’s Timothy Boothe?

The cash-settled restricted stock units are awards payable solely in cash, each economically equivalent to one share of Western Alliance common stock. They vest 1/36th each month over specified 36‑month periods, providing ongoing, stock-linked compensation without issuing additional shares.

How many cash-settled RSUs remain for WAL executive Timothy Boothe?

Following the June 15, 2026 transactions, Timothy W. Boothe has 779 cash-settled restricted stock units outstanding. These units continue to vest monthly under schedules running through February 2027, February 2028, and February 2029, according to the vesting footnotes in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/17/2026 - 05:19 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Boothe Timothy W

(Last)

(First)

(Middle)

ONE E. WASHINGTON ST., SUITE 1400

(Street)

PHOENIX

ARIZONA

85004

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WESTERN ALLIANCE BANCORPORATION [ WAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Administration Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2026		M		97⁽¹⁾	A	$0⁽²⁾	65,514	D
Common Stock	06/15/2026		D		97	D	$81.81	65,417	D
Common Stock	06/15/2026		M		69⁽³⁾	A	$0⁽²⁾	65,486	D
Common Stock	06/15/2026		D		69	D	$81.81	65,417	D
Common Stock	06/15/2026		M		69⁽⁴⁾	A	$0⁽²⁾	65,486	D
Common Stock	06/15/2026		D		69	D	$81.81	65,417	D
Common Stock								325	I	Alvina Boothe (spouse)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash Settled Restricted Stock Units	⁽²⁾	06/15/2026		M			97	⁽¹⁾	⁽¹⁾	Common Stock	97	⁽²⁾	779	D
Cash Settled Restricted Stock Units	⁽²⁾	06/15/2026		M			69	⁽³⁾	⁽³⁾	Common Stock	69	⁽²⁾	1,379	D
Cash Settled Restricted Stock Units	⁽²⁾	06/15/2026		M			69	⁽⁴⁾	⁽⁴⁾	Common Stock	69	⁽²⁾	2,193	D

Explanation of Responses:

1. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.

2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

3. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.

4. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	06/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR