Western Alliance (NYSE: WAL) CFO records 123-unit RSU conversion and issuer share disposition
Rhea-AI Filing Summary
Western Alliance Bancorporation Chief Financial Officer Vishal Idnani reported multiple transactions dated July 15, 2026 involving 123 shares and related units. He disposed of 123 common shares to the issuer at $81.79 per share, after which his reported direct holdings were 11,468 shares.
Related entries show an acquisition of 123 common shares at a stated price of $0.00 per share in connection with the exercise or conversion of 123 Cash Settled Restricted Stock Units, leaving 3,797 RSU units outstanding. Footnotes state these units vest 1/36th monthly from March 2026 through February 2029, are payable solely in cash, and each unit is the economic equivalent of one common share. The filing indicates the transactions were not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
123 shares exercised/converted
Exercise
3 txns
Insider
Idnani Vishal
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 123 | -- | -- |
| Exercise | Common Stock F1, F2 | 123 | $0.00 | $0.00 |
| Disposition | Common Stock | 123 | $81.79 | $10K |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 3,797 shares (Direct);
Common Stock — 11,468 shares (Direct)
Footnotes (2)
- 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 2026 and ending February 2029.
- F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
Key Figures
Common shares disposed: 123 shares
Disposition price: $81.79 per share
Direct common holdings: 11,468 shares
+4 more
7 metrics
Common shares disposed
123 shares
Disposition to issuer at $81.79 per share on 2026-07-15
Disposition price
$81.79 per share
Price for 123 common shares disposed to issuer
Direct common holdings
11,468 shares
Shares held directly after issuer disposition transaction
Common shares acquired
123 shares
Acquisition via derivative exercise at $0.00 per share on 2026-07-15
RSUs converted
123 units
Cash Settled Restricted Stock Units exercised or converted on 2026-07-15
RSUs remaining
3,797 units
Cash Settled Restricted Stock Units after 123-unit conversion
RSU vesting schedule
1/36th monthly March 2026–February 2029
Vesting and cash payment schedule for cash-settled RSUs
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, derivative security
4 terms
Cash Settled Restricted Stock Units financial
"Security titled "Cash Settled Restricted Stock Units" was converted on 2026-07-15"
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 Western Alliance"
Disposition to issuer financial
"Transaction code description states "Disposition to issuer" for 123 common shares"
derivative security financial
"Code M is described as "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Western Alliance (WAL) CFO Vishal Idnani report on July 15, 2026?
CFO Vishal Idnani reported disposing of 123 common shares to the issuer at $81.79 per share and related entries for exercising 123 cash-settled RSUs. After these transactions, he reported 11,468 common shares held directly and 3,797 RSU units remaining.
What are the cash-settled restricted stock units held by the Western Alliance (WAL) CFO?
The CFO holds Cash Settled Restricted Stock Units that are each the economic equivalent of one Western Alliance common share. These units vest 1/36th monthly from March 2026 through February 2029, are payable solely in cash, and after a 123-unit conversion, 3,797 units remain.
Were Western Alliance (WAL) CFO Vishal Idnani’s July 2026 transactions under a Rule 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox is explicitly unchecked, indicating the reported transactions were not made pursuant to a Rule 10b5-1 trading plan. The filing does not reference any other pre-arranged trading arrangement in the transaction footnotes.
How many cash-settled RSUs did Western Alliance (WAL) CFO convert in this filing, and what remains?
Vishal Idnani converted or exercised 123 Cash Settled Restricted Stock Units linked economically to common shares. After this derivative transaction, the remaining reported balance is 3,797 RSU units, which vest monthly and are settled entirely in cash rather than stock.