Western Alliance vice chair nets zero on 726-share trade
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reports that Vice Chair and CBO, Deposits Dale Gibbons exercised cash-settled restricted stock units that are each the economic equivalent of one share of common stock, acquiring 726 shares of common stock on September 15, 2026 at $0.00 per share and concurrently returning the same 726 shares to the issuer at $79.03 per share in dispositions to the issuer. Indirectly, 612 shares of common stock are reported as held in a 401K Plan including employer match as of September 3, 2026. No Rule 10b5‑1 trading plan is reported.
Insider Trade Summary
726 shares exercised/converted
Exercise
10 txns
Insider
GIBBONS DALE
Role
Vice Chair and CBO, Deposits
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 285 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 212 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 229 | -- | -- |
| Exercise | Common Stock F1, F2 | 285 | $0.00 | $0.00 |
| Disposition | Common Stock | 285 | $79.03 | $23K |
| Exercise | Common Stock F3, F2 | 212 | $0.00 | $0.00 |
| Disposition | Common Stock | 212 | $79.03 | $17K |
| Exercise | Common Stock F4, F2 | 229 | $0.00 | $0.00 |
| Disposition | Common Stock | 229 | $79.03 | $18K |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 11,633 contracts (Direct);
Common Stock — 267,093 shares (Direct);
Common Stock — 612 shares (Indirect, 401K Plan)
Footnotes (5)
- 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.
- F5. Reflects shares held in the 401K Plan to include employer match as of 9/3/2026.
Key Figures
Common shares acquired via exercises: 726 shares
Common shares disposed to issuer: 726 shares
Disposition price per share: $79.03 per share
+2 more
5 metrics
Common shares acquired via exercises
726 shares
Shares of Western Alliance Bancorporation common stock acquired on September 15, 2026 through exercises of cash-settled RSUs
Common shares disposed to issuer
726 shares
Shares of Western Alliance Bancorporation common stock returned to the issuer on September 15, 2026
Disposition price per share
$79.03 per share
Price for dispositions of Western Alliance Bancorporation common stock to the issuer on September 15, 2026
Indirect 401K holdings
612 shares
Common shares held indirectly in a 401K Plan including employer match as of September 3, 2026
Derivative exercises
3 transactions, 726 units
Cash Settled Restricted Stock Units exercised or converted on September 15, 2026
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, 401K Plan
4 terms
Cash Settled Restricted Stock Units financial
"The security transacted is described as Cash Settled Restricted Stock Units"
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.
economic equivalent financial
"Each unit is the economic equivalent of one share of common stock"
Disposition to issuer financial
"Non-derivative transactions are reported as a Disposition to issuer"
401K Plan financial
"Reflects shares held in the 401K Plan to include employer match"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WAL executive Dale Gibbons report on September 15, 2026?
Dale Gibbons reported exercising cash-settled restricted stock units into 726 shares of Western Alliance Bancorporation common stock and then disposing of the same 726 shares to the issuer at $79.03 per share on September 15, 2026.
What type of securities did Dale Gibbons exercise in this WAL Form 4 filing?
Dale Gibbons exercised Cash Settled Restricted Stock Units, each described as the economic equivalent of one share of Western Alliance Bancorporation common stock, converting them into common shares that were then disposed of to the issuer.
What price was used for the WAL common stock dispositions reported by Dale Gibbons?
The dispositions to Western Alliance Bancorporation involved 726 shares of common stock at a reported price of $79.03 per share in three separate transactions on September 15, 2026.
Were Dale Gibbons’ WAL transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5‑1 checkbox is not marked as an affirmative plan, and no footnote states that the transactions were made under a Rule 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
