Western Alliance CBO logs 415-share award exercise
Western Alliance Bancorporation executive Tim R. Bruckner, CBO for Regional Banking, reported award-related transactions on July 15, 2026.
Rhea-AI Filing Summary
Western Alliance Bancorporation executive Tim R. Bruckner, CBO for Regional Banking, reported award-related transactions on July 15, 2026. He exercised or converted derivative awards tied to 415 shares of common stock and disposed of 415 shares to the issuer at $81.79 per share, leaving 29,068 shares held directly. Cash-settled restricted stock units of 4,393, 2,183 and 1,113 units remain outstanding, each economically equivalent to one common share and vesting monthly across three 36‑month schedules running from March 2024 through February 2029.
Positive
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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 | $81.79 | $13K |
| Exercise | Common Stock F3, F2 | 115 | $0.00 | $0.00 |
| Disposition | Common Stock | 115 | $81.79 | $9K |
| Exercise | Common Stock F4, F2 | 142 | $0.00 | $0.00 |
| Disposition | Common Stock | 142 | $81.79 | $12K |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 7,689 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
Shares from award exercises: 415 shares
Disposition price: $81.79 per share
Post-transaction common shares: 29,068 shares
+4 more
7 metrics
Shares from award exercises
415 shares
Total shares tied to derivative exercises or conversions on 2026-07-15
Disposition price
$81.79 per share
Price for common stock dispositions to issuer on 2026-07-15
Post-transaction common shares
29,068 shares
Western Alliance common stock held directly after reported transactions
RSUs remaining (2024–2027 grant)
4,393 units
Cash-settled restricted stock units outstanding after vesting events
RSUs remaining (2025–2028 grant)
2,183 units
Cash-settled restricted stock units outstanding after vesting events
RSUs remaining (2026–2029 grant)
1,113 units
Cash-settled restricted stock units outstanding after vesting events
Number of exercises
3 transactions
Derivative award exercises or conversions reported on 2026-07-15
Key Terms
Disposition to issuer, Cash Settled Restricted Stock Units, economic equivalent, derivative security
4 terms
Disposition to issuer financial
"Non-derivative common stock entries are coded as a disposition to issuer."
Cash Settled Restricted Stock Units financial
"Several derivative transactions involve 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 of common stock."
derivative security financial
"Certain transactions are described as an exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Tim R. Bruckner report for Western Alliance (WAL) on July 15, 2026?
He reported award-related activity dated July 15, 2026. Derivative awards tied to 415 Western Alliance common shares were exercised or converted, and an equal 415 shares were disposed of to the issuer at $81.79 per share, with 29,068 shares remaining held directly.
What cash-settled restricted stock units did WAL’s CBO report as outstanding?
He reported cash-settled restricted stock units of 4,393, 2,183 and 1,113 units outstanding. Each unit is economically equivalent to one Western Alliance common share and vests 1/36th monthly over 36 months in three grants spanning March 2024 through February 2029.
Were Tim R. Bruckner’s WAL transactions reported as part of a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not affirmed for this filing, so these transactions are not reported as being executed under a Rule 10b5-1 trading arrangement, based on the form’s specific trading-plan disclosure field.
AI-generated analysis. How Rhea-AI works. Not financial advice.
