Western Alliance’s Gibbons returns shares at $74.35

Q: When do Dale Gibbons's WAL cash-settled RSUs vest?

The 285-unit tranche vests 1/36th on the 15th of each month from March 2024 through February 2027; the 212-unit tranche runs from March 2025 through February 2028; and the 229-unit tranche runs from March 2026 through February 2029. Each tranche is payable solely in cash.

Three RSU schedules vest monthly on the 15th through February 2027, February 2028, and February 2029, and the units are payable solely in cash.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

At Western Alliance Bancorporation (WAL), Vice Chair and CBO, Deposits Dale Gibbons reported transactions on October 15, 2026 involving cash-settled restricted stock units: the rows show dispositions of 285, 212 and 229 units. The units are payable solely in cash, and each is the economic equivalent of one common share. Separate common-stock rows show acquisitions of 285, 212 and 229 shares at $0.00, followed by returns of the same counts to the issuer at $74.35 per share. Gibbons also reported 612 shares held indirectly in the 401K Plan, including employer match, as of October 15, 2026.

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	$74.35	$21K
Exercise	Common Stock ^{F3, F2}	212	$0.00	$0.00
Disposition	Common Stock	212	$74.35	$16K
Exercise	Common Stock ^{F4, F2}	229	$0.00	$0.00
Disposition	Common Stock	229	$74.35	$17K
holding	Common Stock ^F5	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 10,907 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 10/15/2026.

Key Figures

Cash-settled RSU units disposed: 285 units Cash-settled RSU units disposed: 212 units Cash-settled RSU units disposed: 229 units +3 more

6 metrics

Cash-settled RSU units disposed 285 units October 15, 2026

Cash-settled RSU units disposed 212 units October 15, 2026

Cash-settled RSU units disposed 229 units October 15, 2026

Common-stock acquisition price $0.00 per share October 15, 2026

Disposition-to-issuer price $74.35 per share October 15, 2026

Common shares held indirectly 612 shares Held in the 401K Plan, including employer match, as of October 15, 2026

Key Terms

Cash Settled Restricted Stock Units, economic equivalent, 401K Plan

3 terms

Cash Settled Restricted Stock Units financial

"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"

401K Plan financial

"Reflects shares held in the 401K Plan"

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 did Dale Gibbons report for WAL on October 15, 2026?

Gibbons reported cash-settled restricted stock unit dispositions of 285, 212 and 229 units. Separate common-stock rows show acquisitions of those respective share counts at $0.00 per share and returns to the issuer at $74.35 per share. He also reported 612 shares held indirectly in the 401K Plan, including employer match.

When do Dale Gibbons's WAL cash-settled RSUs vest?

The 285-unit tranche vests 1/36th on the 15th of each month from March 2024 through February 2027; the 212-unit tranche runs from March 2025 through February 2028; and the 229-unit tranche runs from March 2026 through February 2029. Each tranche is payable solely in cash.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/19/2026 - 04:32 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:31 PM EDT

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)
10/15/2026

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	10/15/2026		M		285⁽¹⁾	A	$0⁽²⁾	267,378	D
Common Stock	10/15/2026		D		285	D	$74.35	267,093	D
Common Stock	10/15/2026		M		212⁽³⁾	A	$0⁽²⁾	267,305	D
Common Stock	10/15/2026		D		212	D	$74.35	267,093	D
Common Stock	10/15/2026		M		229⁽⁴⁾	A	$0⁽²⁾	267,322	D
Common Stock	10/15/2026		D		229	D	$74.35	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)
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⁾	10/15/2026		M			285	⁽¹⁾	⁽¹⁾	Common Stock	285	⁽²⁾	1,132	D
Cash Settled Restricted Stock Units	⁽²⁾	10/15/2026		M			212	⁽³⁾	⁽³⁾	Common Stock	212	⁽²⁾	3,375	D
Cash Settled Restricted Stock Units	⁽²⁾	10/15/2026		M			229	⁽⁴⁾	⁽⁴⁾	Common Stock	229	⁽²⁾	6,400	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 10/15/2026.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	10/19/2026
	** 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