Western Alliance exec settles 726 stock units

Western Alliance Bancorporation executive Dale Gibbons, Vice Chair and CBO, Deposits, reported cash‑settled equity activity on July 15, 2026.

Rhea-AI Filing Summary

Western Alliance Bancorporation executive Dale Gibbons, Vice Chair and CBO, Deposits, reported cash‑settled equity activity on July 15, 2026. He exercised cash‑settled restricted stock units covering 726 units, each economically equivalent to one common share, and concurrently transferred 726 common shares back to the issuer at $81.79 per share in cash settlement, leaving his net share count unchanged. After these transactions he reports 267,093 common shares held directly and 612 shares held indirectly through a 401(k) plan as of July 9, 2026. The remaining units vest monthly in cash over 36‑month schedules running from March 2024 through February 2029.

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	$81.79	$23K
Exercise	Common Stock F3, F2	212	$0.00	$0.00
Disposition	Common Stock	212	$81.79	$17K
Exercise	Common Stock F4, F2	229	$0.00	$0.00
Disposition	Common Stock	229	$81.79	$19K
holding	Common Stock F5	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 13,085 contracts (Direct); Common Stock — 267,093 shares (Direct); Common Stock — 612 shares (Indirect, 401K Plan)

Footnotes (5)

1. 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.
2. F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
3. 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.
4. 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.
5. F5. Reflects shares held in the 401K Plan to include employer match as of 7/9/2026.

Key Figures

Cash-settled RSUs exercised: 726 units Settlement price to issuer: $81.79 per share Direct common shares after transactions: 267,093 shares +4 more

7 metrics

Cash-settled RSUs exercised 726 units Units exercised and settled on July 15, 2026

Settlement price to issuer $81.79 per share Price for common shares disposed to issuer on July 15, 2026

Direct common shares after transactions 267,093 shares Direct holdings reported following July 15, 2026 transactions

Indirect 401(k) holdings 612 shares Shares held in 401K Plan including employer match as of 7/9/2026

Remaining RSUs 2024–2027 grant 1,987 units Cash-settled units remaining after vesting; vest monthly March 2024–February 2027

Remaining RSUs 2025–2028 grant 4,011 units Cash-settled units remaining after vesting; vest monthly March 2025–February 2028

Remaining RSUs 2026–2029 grant 7,087 units Cash-settled units remaining after vesting; vest monthly March 2026–February 2029

Key Terms

Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent of one share, vest and are payable solely in cash

4 terms

Cash Settled Restricted Stock Units financial

"Security title: Cash Settled Restricted Stock Units reported as derivative positions"

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 entries"

economic equivalent of one share financial

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

vest and are payable solely in cash financial

"These units vest and are payable solely in cash as 1/36th each month over 36 months."

FAQ

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

What equity transactions did Dale Gibbons report for WAL on July 15, 2026?

Dale Gibbons reported exercising 726 cash-settled restricted stock units linked to Western Alliance Bancorporation common stock and concurrently disposing of 726 common shares to the issuer at $81.79 per share as part of cash settlement, resulting in no net change to his reported shareholdings.

How many cash-settled restricted stock units did WAL executive Dale Gibbons exercise?

He exercised cash-settled restricted stock units covering 726 units, grouped in tranches of 285, 212, and 229 units. Each unit is the economic equivalent of one Western Alliance Bancorporation common share and is payable solely in cash upon vesting.

At what price were Western Alliance Bancorporation (WAL) shares used to settle these units?

The common shares used to settle the vested units were disposed of to the issuer at $81.79 per share. This price applied to each tranche of 285, 212, and 229 shares, matching the number of units that vested on July 15, 2026.

What are Dale Gibbons’ reported WAL shareholdings after these transactions?

After the July 15, 2026 activity, Dale Gibbons reports holding 267,093 Western Alliance common shares directly. He also reports 612 shares held indirectly through a 401(k) Plan, including employer match amounts, as of July 9, 2026.

How do Dale Gibbons’ cash-settled RSUs at WAL vest over time?

His cash-settled restricted stock units vest and are payable solely in cash in monthly installments, with different grants vesting 1/36th each month over 36-month periods beginning in March 2024, March 2025, and March 2026, and ending between February 2027 and February 2029.

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

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Accepted by SEC EDGAR 07/17/2026 - 05:12 PM Learn about SEC filing dates

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^*

GIBBONS DALE

(Last) (First) (Middle)

C/O WESTERN ALLIANCE BANCORPORATION

ONE E. WASHINGTON STREET, STE 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)
	Vice Chair and CBO, Deposits

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		M		285(1)	A	$0(2)	267,378	D
Common Stock	07/15/2026		D		285	D	$81.79	267,093	D
Common Stock	07/15/2026		M		212(3)	A	$0(2)	267,305	D
Common Stock	07/15/2026		D		212	D	$81.79	267,093	D
Common Stock	07/15/2026		M		229(4)	A	$0(2)	267,322	D
Common Stock	07/15/2026		D		229	D	$81.79	267,093	D
Common Stock								612(5)	I	401K Plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Cash Settled Restricted Stock Units	(2)	07/15/2026		M			285	(1)	(1)	Common Stock	285	(2)	1,987	D
Cash Settled Restricted Stock Units	(2)	07/15/2026		M			212	(3)	(3)	Common Stock	212	(2)	4,011	D
Cash Settled Restricted Stock Units	(2)	07/15/2026		M			229	(4)	(4)	Common Stock	229	(2)	7,087	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.

5. Reflects shares held in the 401K Plan to include employer match as of 7/9/2026.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	07/17/2026
	** 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)