Western Alliance CAO logs 235-share, $79.03 trade
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reported that Chief Administration Officer Timothy W. Boothe exercised or converted cash‑settled restricted stock units that are economically equivalent to 235 shares of common stock on September 15, 2026, and reported matching dispositions of 235 shares to the issuer at $79.03 per share, resulting in no net change in reported common‑stock ownership. The cash‑settled units vest monthly and are payable solely in cash, and Boothe also reports 325 common shares held indirectly through his spouse.
Insider Trade Summary
235 shares exercised/converted
Exercise
9 txns
Insider
Boothe Timothy W
Role
Chief Administration Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 97 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 69 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 69 | -- | -- |
| Exercise | Common Stock F1, F2 | 97 | $0.00 | $0.00 |
| Disposition | Common Stock | 97 | $79.03 | $8K |
| Exercise | Common Stock F3, F2 | 69 | $0.00 | $0.00 |
| Disposition | Common Stock | 69 | $79.03 | $5K |
| Exercise | Common Stock F4, F2 | 69 | $0.00 | $0.00 |
| Disposition | Common Stock | 69 | $79.03 | $5K |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 3,646 contracts (Direct);
Common Stock — 65,417 shares (Direct);
Common Stock — 325 shares (Indirect, Alvina Boothe (spouse))
Holdings Before and After:
Cash Settled Restricted Stock Units, 3,881 to 3,646 contracts (Direct);
Common Stock, 65,417 to 65,417 shares (Direct)
Footnotes (4)
- 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.
Key Figures
Shares from cash-settled units: 235 shares
Disposition price: $79.03 per share
First share block: 97 shares
+3 more
6 metrics
Shares from cash-settled units
235 shares
Economic equivalent of common stock exercised or converted on September 15, 2026
Disposition price
$79.03 per share
Price for issuer dispositions of common stock on September 15, 2026
First share block
97 shares
Common stock received and then returned to the issuer on September 15, 2026
Second share block
69 shares
Common stock received and then returned to the issuer on September 15, 2026 (first 69-share block)
Third share block
69 shares
Common stock received and then returned to the issuer on September 15, 2026 (second 69-share block)
Indirect holdings
325 shares
Common stock held indirectly through spouse Alvina Boothe after the reported transactions
Key Terms
cash settled restricted stock units, economic equivalent, disposition to issuer
3 terms
cash settled restricted stock units financial
"These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month"
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 Bancorporation common stock"
disposition to issuer financial
"transaction description refers to a disposition to issuer of common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WAL executive Timothy W. Boothe report in this Form 4?
He reported exercises or conversions of cash‑settled restricted stock units equal to 235 common shares and matching dispositions of 235 shares to Western Alliance Bancorporation on September 15, 2026, leaving his reported common‑stock ownership unchanged.
Were the Western Alliance (WAL) restricted stock units settled in stock or cash?
The filing states that the reported units "vest and are payable solely in cash" and that each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock, so they are cash‑settled rather than settled in shares.
Does this WAL Form 4 show a trading plan under Rule 10b5-1?
No. The Form 4 does not indicate that the reported transactions were made under a Rule 10b5‑1 trading plan; the trading‑plan checkbox is not affirmed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
