Western Alliance CEO exercises RSUs, returns shares
Western Alliance Bancorporation President and CEO Kenneth Vecchione reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Western Alliance Bancorporation President and CEO Kenneth Vecchione reported routine equity compensation activity. On April 15, 2026, he exercised cash settled restricted stock units economically equivalent to 1,571 shares of common stock, paired with issuer dispositions of the same share amounts at $78.51 per share. Following these transactions, he directly holds 463,178 shares of common stock, plus indirect holdings through a 401K Plan and a UTMA account for his daughter. The filing reflects compensation-related derivative exercises and returns of shares to the issuer, not open-market buying or selling.
Insider Trade Summary
1,571 shares exercised/converted
Exercise
11 txns
Insider
Vecchione Kenneth
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 539 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 437 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 595 | $0.00 | $0.00 |
| Exercise | Common Stock | 539 | $0.00 | $0.00 |
| Disposition | Common Stock | 539 | $78.51 | $42K |
| Exercise | Common Stock | 437 | $0.00 | $0.00 |
| Disposition | Common Stock | 437 | $78.51 | $34K |
| Exercise | Common Stock | 595 | $0.00 | $0.00 |
| Disposition | Common Stock | 595 | $78.51 | $47K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 35,222 contracts (Direct);
Common Stock — 463,178 shares (Direct);
Common Stock — 1,950 shares (Indirect, 401K Plan);
Common Stock — 750 shares (Indirect, Darcy Vecchione UTMA (daughter))
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 4/16/2026.
Key Figures
Derivative units exercised: 1,571 units
Issuer disposition price: $78.51 per share
Direct common stock holdings: 463,178 shares
+5 more
8 metrics
Derivative units exercised
1,571 units
ExerciseShares across three cash settled RSU transactions on April 15, 2026
Issuer disposition price
$78.51 per share
Price for three dispositions to issuer of 539, 437 and 595 shares
Direct common stock holdings
463,178 shares
Total shares of Western Alliance common stock held directly after transactions
401K Plan holdings
1,950 shares
Indirect holdings in 401K Plan as of April 16, 2026
UTMA account holdings
750 shares
Indirect holdings in Darcy Vecchione UTMA (daughter)
Vesting schedule 1
1/36th monthly
Cash settled RSUs vest from March 2024 to February 2027
Vesting schedule 2
1/36th monthly
Cash settled RSUs vest from March 2025 to February 2028
Vesting schedule 3
1/36th monthly
Cash settled RSUs vest from March 2026 to February 2029
Key Terms
Cash Settled Restricted Stock Units, Exercise or conversion of derivative security, Disposition to issuer, economic equivalent, +2 more
6 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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
economic equivalent financial
"Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock."
401K Plan financial
"Reflects shares held in the 401K Plan to include employer match as of 4/16/2026."
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.
UTMA financial
"nature_of_ownership: Darcy Vecchione UTMA (daughter)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WAL CEO Kenneth Vecchione report on this Form 4?
Kenneth Vecchione reported exercising 1,571 cash settled restricted stock units tied to Western Alliance Bancorporation common stock, along with matching dispositions of 1,571 shares back to the issuer at $78.51 per share. These are compensation-related derivative exercises, not open-market trades.
Did the WAL CEO buy or sell Western Alliance stock in the open market?
The WAL CEO did not report any open-market purchases or sales. Instead, the Form 4 shows issuer dispositions of 1,571 shares at $78.51 per share tied to derivative exercises, which represent returns of shares to the company rather than market trades.
What are the terms of the WAL CEO’s cash settled restricted stock units?
The filing states that these units vest and are payable solely in cash, with each unit economically equivalent to one share of Western Alliance common stock. Vesting occurs in 1/36th monthly installments over 36-month periods beginning in March 2024, March 2025, and March 2026.
How many derivative units did the WAL CEO exercise in this Form 4?
The transaction summary shows exerciseCount 3 and exerciseShares 1,571, reflecting three derivative exercises of cash settled restricted stock units. Each exercise converted units economically equivalent to Western Alliance common stock as part of the CEO’s compensation program.
What indirect Western Alliance holdings does the WAL CEO report?
The Form 4 lists indirect ownership of 1,950 Western Alliance shares through a 401K Plan and 750 shares in a Darcy Vecchione UTMA (daughter) account. These positions are reported as indirect beneficial holdings separate from his direct common stock ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
