Western Alliance (NYSE: WAL) vice chair logs cash-settled RSU and share activity
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION vice chair Dale Gibbons reported compensation-related stock activity, not open-market trading. On May 15, 2026, he exercised derivative awards covering 726 shares of common stock and returned an equal number of shares to the issuer at $74.4200 per share, a disposition to the company rather than a market sale.
After these transactions, Gibbons directly held 307,093 shares of common stock and indirectly held 612 shares in a 401K Plan as of May 14, 2026. He also retained cash settled restricted stock units that are economically equivalent to common shares and vest monthly in 36 installments from March 2024, March 2025, and March 2026 through February 2027, February 2028, and February 2029, respectively, payable solely in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
726 shares exercised/converted
Exercise
10 txns
Insider
GIBBONS DALE
Role
Vice Chair and CBO, Deposits
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 285 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 212 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 229 | $0.00 | $0.00 |
| Exercise | Common Stock | 285 | $0.00 | $0.00 |
| Disposition | Common Stock | 285 | $74.42 | $21K |
| Exercise | Common Stock | 212 | $0.00 | $0.00 |
| Disposition | Common Stock | 212 | $74.42 | $16K |
| Exercise | Common Stock | 229 | $0.00 | $0.00 |
| Disposition | Common Stock | 229 | $74.42 | $17K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 14,537 shares (Direct);
Common Stock — 307,093 shares (Direct);
Common Stock — 612 shares (Indirect, 401K Plan)
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 5/14/2026.
Key Figures
Shares exercised: 726 shares
Disposition price: $74.4200 per share
Direct holdings after transaction: 307,093 shares
+5 more
8 metrics
Shares exercised
726 shares
Total derivative shares exercised on May 15, 2026
Disposition price
$74.4200 per share
Price for dispositions to issuer on May 15, 2026
Direct holdings after transaction
307,093 shares
Common stock directly held following transactions
Indirect 401K holdings
612 shares
Shares held in 401K Plan as of May 14, 2026
Single M-lot
229 shares
One exercise and matching disposition block
Second M-lot
212 shares
Second exercise and matching disposition block
Third M-lot
285 shares
Third exercise and matching disposition block
Vesting schedule length
36 months
Monthly vesting period for each RSU grant
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent, 401K Plan, +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.
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 5/14/2026."
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Dale Gibbons report for WAL on May 15, 2026?
Dale Gibbons reported exercising derivative awards for 726 shares of Western Alliance common stock and disposing the same 726 shares back to the issuer at $74.4200 per share. These transactions were compensation-related, not open-market purchases or sales.
Were the May 2026 WAL insider transactions open-market buys or sells?
The May 2026 insider transactions were not open-market trades. They involved the exercise of derivative awards and dispositions to the issuer coded as “D,” meaning shares were returned to Western Alliance rather than sold on the open market.
What are cash settled restricted stock units in the WAL Form 4 filing?
The filing describes Cash Settled Restricted Stock Units as awards that vest monthly and are payable solely in cash. Each unit is the economic equivalent of one WAL common share, providing stock-linked value without issuing actual shares at settlement.
How do the WAL cash settled restricted stock units for Dale Gibbons vest?
The cash settled restricted stock units vest at 1/36th each month on the 15th day over 36 months. Separate grants vest from March 2024–February 2027, March 2025–February 2028, and March 2026–February 2029, creating overlapping monthly vesting schedules.