Western Alliance (NYSE: WAL) CRO logs cash RSU payout
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reported transactions by Chief Risk Officer Emily Nachlas involving cash-settled restricted stock units on August 15, 2026. Units equivalent to 72, 53, and 64 shares of common stock vested and were settled in cash, using a per-unit value of $82.32, shown through matching acquisitions and dispositions of economically equivalent common stock entries. The filing’s aggregate data shows 189 derivative units exercised and a net share effect of zero, indicating these were compensation-related cash settlements rather than open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
189 shares exercised/converted
Exercise
9 txns
Insider
Nachlas Emily
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 72 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 53 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 64 | -- | -- |
| Exercise | Common Stock F1, F2 | 72 | $0.00 | $0.00 |
| Disposition | Common Stock | 72 | $82.32 | $6K |
| Exercise | Common Stock F3, F2 | 53 | $0.00 | $0.00 |
| Disposition | Common Stock | 53 | $82.32 | $4K |
| Exercise | Common Stock F4, F2 | 64 | $0.00 | $0.00 |
| Disposition | Common Stock | 64 | $82.32 | $5K |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 3,299 shares (Direct);
Common Stock — 16,575 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
Cash-settled RSUs exercised: 72 units
Cash-settled RSUs exercised: 53 units
Cash-settled RSUs exercised: 64 units
+3 more
6 metrics
Cash-settled RSUs exercised
72 units
Cash Settled Restricted Stock Units economically equivalent to 72 WAL common shares vested on 2026-08-15
Cash-settled RSUs exercised
53 units
Cash Settled Restricted Stock Units economically equivalent to 53 WAL common shares vested on 2026-08-15
Cash-settled RSUs exercised
64 units
Cash Settled Restricted Stock Units economically equivalent to 64 WAL common shares vested on 2026-08-15
Per-share value for issuer disposition
82.3200 per share
Price used for Common Stock dispositions to issuer on 2026-08-15
Total derivative units exercised
189 units
Exercise of derivative securities (M code) reported in transaction summary
Net shares from buy/sell activity
0 shares
transactionSummary netBuySellShares across all reported transactions
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, derivative security, +1 more
5 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"
derivative security financial
"transaction_code_description: Exercise or conversion of 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
What did WESTERN ALLIANCE BANCORPORATION (WAL) disclose about Emily Nachlas’s Form 4 transactions?
WESTERN ALLIANCE BANCORPORATION disclosed that Chief Risk Officer Emily Nachlas had cash-settled restricted stock units vest on August 15, 2026. The units were economically tied to WAL common stock and settled in cash, reflected via paired acquisitions and dispositions in the Form 4.
How many WAL-equivalent units vested for Emily Nachlas in this Form 4?
The filing shows cash-settled units equivalent to 72, 53, and 64 WAL common shares vested. In total, the transaction summary reports 189 derivative units exercised, all tied economically to Western Alliance Bancorporation common stock but payable solely in cash.
Were Emily Nachlas’s WAL Form 4 transactions open-market trades?
The reported activity consists of cash-settled restricted stock units vesting and being settled in cash, not open-market purchases or sales. Each unit is described as the economic equivalent of one WAL common share, with dispositions coded as transactions to the issuer.
What price was used to value the Western Alliance (WAL) common stock entries in this Form 4?
Dispositions of WAL common stock associated with the cash-settled units are reported at $82.32 per share. This amount reflects the per-share value used for the issuer disposition entries connected to the cash settlement of the vested units.
Are the WAL cash-settled restricted stock units payable in stock or cash?
Footnotes state the units vest and are payable solely in cash. Each unit is described as the economic equivalent of one share of Western Alliance Bancorporation common stock, linking payout value to the share price without issuing actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
