Western Alliance (NYSE: WAL) CAO settles units, retains 65K+ shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
235 shares exercised/converted
Mixed
10 txns
Insider
Boothe Timothy W
Role
Chief Administration Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 97 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 69 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 69 | $0.00 | -- |
| Exercise | Common Stock | 97 | $0.00 | -- |
| Disposition | Common Stock | 97 | $81.81 | $8K |
| Exercise | Common Stock | 69 | $0.00 | -- |
| Disposition | Common Stock | 69 | $81.81 | $6K |
| Exercise | Common Stock | 69 | $0.00 | -- |
| Disposition | Common Stock | 69 | $81.81 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 779 shares (Direct, null);
Common Stock — 65,514 shares (Direct, null);
Common Stock — 325 shares (Indirect, Alvina Boothe (spouse))
Footnotes (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. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock. 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. 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
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.
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.