Western Alliance officer settles 415 RSUs in cash

Q: What insider transactions did Tim R. Bruckner report at WESTERN ALLIANCE BANCORPORATION (WAL)?

Tim R. Bruckner reported cash-settled restricted stock units vesting and settling in cash on August 15, 2026. Three RSU tranches converted into common stock entries and were then disposed to the issuer, reflecting compensation settlement rather than open-market trading.

Q: How many RSUs vested for Tim R. Bruckner in the latest WAL Form 4?

On August 15, 2026, RSU tranches of 158, 115, and 142 units vested for Tim R. Bruckner, totaling 415 units. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock, but the awards are payable solely in cash.

Q: Are Tim R. Bruckner’s WAL restricted stock units settled in stock or cash?

The reported restricted stock units are payable solely in cash, not stock. Footnotes state each unit is the economic equivalent of one share of WAL common stock, with vesting and payment occurring in cash installments over specified 36‑month schedules.

Q: What are the vesting schedules for Tim R. Bruckner’s WAL cash-settled RSUs?

Three RSU grants vest 1/36th monthly on the 15th day over 36 months. Periods run from March 2024–February 2027, March 2025–February 2028, and March 2026–February 2029, with each month’s vested portion paid solely in cash.

WESTERN ALLIANCE BANCORPORATION (WAL) officer Tim R. Bruckner reported routine compensation-related activity involving cash-settled restricted stock units on August 15, 2026.

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Rhea-AI Filing Summary

WESTERN ALLIANCE BANCORPORATION (WAL) officer Tim R. Bruckner reported routine compensation-related activity involving cash-settled restricted stock units on August 15, 2026. Three tranches of units, each economically equivalent to common shares, vested and were settled in cash.

The Form 4 shows derivative exercises of 158, 115, and 142 cash-settled RSUs, matched by corresponding common stock entries acquired at $0.00 and then disposed to the issuer at $82.32 per share. Footnotes clarify the awards vest 1/36th monthly over 36-month periods and are payable solely in cash, with no post-transaction share holdings reported.

Insider Trade Summary

415 shares exercised/converted

Exercise 9 txns

Insider Bruckner Tim R

Role CBO for Regional Banking

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units ^{F2, F1}	158	--	--
Exercise	Cash Settled Restricted Stock Units ^{F2, F3}	115	--	--
Exercise	Cash Settled Restricted Stock Units ^{F2, F4}	142	--	--
Exercise	Common Stock ^{F1, F2}	158	$0.00	$0.00
Disposition	Common Stock	158	$82.32	$13K
Exercise	Common Stock ^{F3, F2}	115	$0.00	$0.00
Disposition	Common Stock	115	$82.32	$9K
Exercise	Common Stock ^{F4, F2}	142	$0.00	$0.00
Disposition	Common Stock	142	$82.32	$12K

Holdings After Transaction: Cash Settled Restricted Stock Units — 7,274 contracts (Direct); Common Stock — 29,068 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

Total RSU units vested: 415 units First RSU tranche: 158 units Second RSU tranche: 115 units +5 more

8 metrics

Total RSU units vested 415 units Cash-settled restricted stock units exercised/converted on August 15, 2026

First RSU tranche 158 units Cash-settled RSUs economically equivalent to common stock on August 15, 2026

Second RSU tranche 115 units Cash-settled RSUs economically equivalent to common stock on August 15, 2026

Third RSU tranche 142 units Cash-settled RSUs economically equivalent to common stock on August 15, 2026

Disposition price to issuer $82.32 per share Common stock entries disposed to issuer corresponding to vested RSUs

Vesting schedule 1 36 months 1/36th monthly from March 2024 through February 2027, payable solely in cash

Vesting schedule 2 36 months 1/36th monthly from March 2025 through February 2028, payable solely in cash

Vesting schedule 3 36 months 1/36th monthly from March 2026 through February 2029, payable solely in cash

Key Terms

Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, Rule 10b5-1

4 terms

Cash Settled Restricted Stock Units financial

"security_title: 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"

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

Rule 10b5-1 financial

"The Rule 10b5-1 checkbox is not marked as affirmatively used"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transactions did Tim R. Bruckner report at WESTERN ALLIANCE BANCORPORATION (WAL)?

Tim R. Bruckner reported cash-settled restricted stock units vesting and settling in cash on August 15, 2026. Three RSU tranches converted into common stock entries and were then disposed to the issuer, reflecting compensation settlement rather than open-market trading.

How many RSUs vested for Tim R. Bruckner in the latest WAL Form 4?

On August 15, 2026, RSU tranches of 158, 115, and 142 units vested for Tim R. Bruckner, totaling 415 units. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock, but the awards are payable solely in cash.

At what price were Tim R. Bruckner’s WAL common stock entries disposed to the issuer?

The common stock entries linked to vested RSUs were shown as disposed to the issuer at $82.32 per share. These transactions reflect settlement of cash-settled RSUs, not open-market sales, with shares first recorded at $0.00 then returned to the issuer.

Are Tim R. Bruckner’s WAL restricted stock units settled in stock or cash?

The reported restricted stock units are payable solely in cash, not stock. Footnotes state each unit is the economic equivalent of one share of WAL common stock, with vesting and payment occurring in cash installments over specified 36‑month schedules.

What are the vesting schedules for Tim R. Bruckner’s WAL cash-settled RSUs?

Three RSU grants vest 1/36th monthly on the 15th day over 36 months. Periods run from March 2024–February 2027, March 2025–February 2028, and March 2026–February 2029, with each month’s vested portion paid solely in cash.

Were Tim R. Bruckner’s WAL transactions under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not marked as affirmatively used in this report. The filing instead reflects scheduled vesting of cash-settled RSUs under compensation arrangements, rather than discretionary open-market buying or selling activity.

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

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Available on EDGAR 08/18/2026 - 04:28 PM Accepted by SEC EDGAR 08/18/2026 - 04:27 PM

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^*

Bruckner Tim R

(Last)

(First)

(Middle)

ONE E WASHINGTON ST., SUITE 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)
	CBO for Regional Banking

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026

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	08/15/2026		M		158⁽¹⁾	A	$0⁽²⁾	29,226	D
Common Stock	08/15/2026		D		158	D	$82.32	29,068	D
Common Stock	08/15/2026		M		115⁽³⁾	A	$0⁽²⁾	29,183	D
Common Stock	08/15/2026		D		115	D	$82.32	29,068	D
Common Stock	08/15/2026		M		142⁽⁴⁾	A	$0⁽²⁾	29,210	D
Common Stock	08/15/2026		D		142	D	$82.32	29,068	D

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⁾	08/15/2026		M			158	⁽¹⁾	⁽¹⁾	Common Stock	158	⁽²⁾	955	D
Cash Settled Restricted Stock Units	⁽²⁾	08/15/2026		M			115	⁽³⁾	⁽³⁾	Common Stock	115	⁽²⁾	2,068	D
Cash Settled Restricted Stock Units	⁽²⁾	08/15/2026		M			142	⁽⁴⁾	⁽⁴⁾	Common Stock	142	⁽²⁾	4,251	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.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	08/18/2026
	** 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