Western Alliance (NYSE: WAL) officer has 415 RSUs vest in cash
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.
Positive
- None.
Negative
- None.
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 shares (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
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.
