Western Alliance (NYSE: WAL) credit chief’s 84-share RSU move nets no stock change
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reported Form 4 activity for Chief Credit Officer Lynne Herndon involving cash-settled restricted stock units tied to common stock. On 2026-08-15, a total of 84 cash-settled RSUs, each economically equivalent to one share of common stock, were exercised or settled in three tranches (35, 22 and 27 units). Corresponding to these settlements, Herndon acquired 84 shares of common stock at $0.00 per share and on the same date disposed of 84 shares to the issuer at $82.32 per share through three matching transactions, resulting in no net change in her reported common stock position.
Positive
- None.
Negative
- None.
Insider Trade Summary
84 shares exercised/converted
Exercise
9 txns
Insider
Herndon Lynne
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 35 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 22 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 27 | -- | -- |
| Exercise | Common Stock F1, F2 | 35 | $0.00 | $0.00 |
| Disposition | Common Stock | 35 | $82.32 | $3K |
| Exercise | Common Stock F3, F2 | 22 | $0.00 | $0.00 |
| Disposition | Common Stock | 22 | $82.32 | $2K |
| Exercise | Common Stock F4, F2 | 27 | $0.00 | $0.00 |
| Disposition | Common Stock | 27 | $82.32 | $2K |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 1,415 shares (Direct);
Common Stock — 1,880 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
RSUs settled: 84 units
RSU tranches: 35; 22; 27 units
Common shares acquired: 84 shares
+3 more
6 metrics
RSUs settled
84 units
Total cash-settled restricted stock units economically equivalent to common stock settled on 2026-08-15
RSU tranches
35; 22; 27 units
Three separate cash-settled RSU derivative transactions on 2026-08-15
Common shares acquired
84 shares
Common stock acquired via derivative exercise/conversion at $0.0000 per share on 2026-08-15
Common shares disposed
84 shares
Common stock disposed of to issuer in three transactions on 2026-08-15
Disposition price
$82.3200 per share
Price for each of the three common stock dispositions to the issuer
Net buy/sell shares
0 shares
Transaction summary netBuySellShares across reported transactions
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, disposition to issuer
3 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"
FAQ
What insider transactions did WAL report for Lynne Herndon on this Form 4?
The Form 4 for WAL shows Lynne Herndon settled 84 cash-settled RSUs into common stock and on the same date disposed of 84 shares back to the issuer, resulting in no net change in reported common stock holdings.
How many Western Alliance Bancorporation RSUs were involved in Lynne Herndon’s WAL Form 4?
Lynne Herndon’s Form 4 for WAL reports settlement of 84 cash-settled restricted stock units, in three tranches of 35, 22, and 27 units, each economically equivalent to one share of Western Alliance Bancorporation common stock.
Were the WAL transactions under a Rule 10b5-1 trading plan?
The filing for WAL has the Rule 10b5-1 checkbox shown as not affirmatively checked (aff_10b5_one is false), and the footnotes do not state that these transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
