Western Alliance CEO settles 1,571 cash RSUs
CEO Kenneth Vecchione reported cash-settled unit vesting tied to WAL stock and same-day dispositions to the issuer at $79.03 per share.
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Form Type
4
Rhea-AI Filing Summary
For WESTERN ALLIANCE BANCORPORATION (WAL), Chairman, President and CEO Kenneth Vecchione reported the settlement of cash-settled restricted stock units on September 15, 2026. Units economically equivalent to 539, 437 and 595 shares of common stock were converted, with corresponding common shares acquired at $0.00 per share and the same numbers of shares disposed to the issuer at $79.03 per share. The filing also reports indirect holdings of 1,950 shares in a 401K plan, including employer match as of September 3, 2026, and 750 shares held in an account for a daughter.
Insights
Analyzing...
Insider Trade Summary
1,571 shares exercised/converted
Exercise
11 txns
Insider
Vecchione Kenneth
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 539 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 437 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 595 | -- | -- |
| Exercise | Common Stock F1, F2 | 539 | $0.00 | $0.00 |
| Disposition | Common Stock | 539 | $79.03 | $43K |
| Exercise | Common Stock F3, F2 | 437 | $0.00 | $0.00 |
| Disposition | Common Stock | 437 | $79.03 | $35K |
| Exercise | Common Stock F4, F2 | 595 | $0.00 | $0.00 |
| Disposition | Common Stock | 595 | $79.03 | $47K |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 27,367 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 9/3/2026.
Key Figures
Share-equivalent units settled: 1,571 units
Common shares acquired in connection with unit settlement: 539 shares
Common shares acquired in connection with unit settlement: 437 shares
+5 more
8 metrics
Share-equivalent units settled
1,571 units
Cash-settled restricted stock units economically equivalent to common shares settled on September 15, 2026
Common shares acquired in connection with unit settlement
539 shares
Common stock acquired at $0.00 per share on September 15, 2026 before disposition to issuer
Common shares acquired in connection with unit settlement
437 shares
Common stock acquired at $0.00 per share on September 15, 2026 before disposition to issuer
Common shares acquired in connection with unit settlement
595 shares
Common stock acquired at $0.00 per share on September 15, 2026 before disposition to issuer
Disposition price to issuer
$79.03 per share
Price reported for dispositions of 539, 437 and 595 common shares to Western Alliance Bancorporation on September 15, 2026
Indirect 401K holdings
1,950 shares
Common shares held in a 401K plan including employer match as of September 3, 2026
Indirect UTMA holdings
750 shares
Common shares held in an account titled Darcy Vecchione UTMA (daughter)
Monthly vesting fraction
1/36th per month
Each cash-settled restricted stock unit grant vests in equal monthly installments over 36 months
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, 401K Plan, UTMA
4 terms
Cash Settled Restricted Stock Units financial
"These units vest and are payable solely in cash as follows"
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 Western Alliance Bancorporation common stock"
401K Plan financial
"Reflects shares held in the 401K Plan to include employer match as of 9/3/2026"
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
"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 September 15, 2026?
He reported settlement of cash-settled restricted stock units tied to 539, 437 and 595 shares of common stock, with those shares acquired at $0.00 per share and the same numbers of shares disposed to Western Alliance Bancorporation at $79.03 per share.
How many Western Alliance (WAL) cash-settled units did the CEO settle in this Form 4?
The CEO settled cash-settled restricted stock units economically equivalent to 539, 437 and 595 shares of Western Alliance Bancorporation common stock, totaling 1,571 share-equivalent units, all reported as vesting on September 15, 2026 under three separate vesting schedules.
Does the WAL Form 4 indicate these transactions were under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for the reported transactions; they are presented as vesting and related issuer dispositions of cash-settled restricted stock units tied to Western Alliance Bancorporation common stock.
How do the WAL cash-settled unit vesting schedules work for these awards?
Each cash-settled restricted stock unit is economically equivalent to one WAL share. The awards vest and are payable solely in cash in 1/36th monthly installments over 36 months, with separate grants vesting from March 2024–February 2027, March 2025–February 2028, and March 2026–February 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
