Western Alliance CCO settles RSUs, disposes shares
Western Alliance Bancorporation Chief Credit Officer Lynne Herndon reported a series of equity award settlements on July 15, 2026.
Rhea-AI Filing Summary
Western Alliance Bancorporation Chief Credit Officer Lynne Herndon reported a series of equity award settlements on July 15, 2026. She exercised cash-settled restricted stock units tied to 84 common-share equivalents and disposed of an equal number of common shares back to the issuer at $81.79 per share, leaving 1,915 common shares directly held and ongoing RSU balances that vest monthly through 2029. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan.
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 | $81.79 | $3K |
| Exercise | Common Stock F3, F2 | 22 | $0.00 | $0.00 |
| Disposition | Common Stock | 22 | $81.79 | $2K |
| Exercise | Common Stock F4, F2 | 27 | $0.00 | $0.00 |
| Disposition | Common Stock | 27 | $81.79 | $2K |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 1,499 contracts (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
Common shares disposed (first leg): 27 shares at $81.79
Common shares disposed (second leg): 22 shares at $81.79
Common shares disposed (third leg): 35 shares at $81.79
+4 more
7 metrics
Common shares disposed (first leg)
27 shares at $81.79
Common stock disposition to issuer on 2026-07-15
Common shares disposed (second leg)
22 shares at $81.79
Common stock disposition to issuer on 2026-07-15
Common shares disposed (third leg)
35 shares at $81.79
Common stock disposition to issuer on 2026-07-15
Common shares from exercises
84 shares
Total common shares from derivative exercises/conversions on 2026-07-15
Shares held after transactions
1,915 shares
Directly held Western Alliance common stock after final transaction on 2026-07-15
Largest RSU balance
852 units
Cash Settled Restricted Stock Units remaining after July 15, 2026 transactions
Per-share disposition price
$81.79 per share
Price for issuer dispositions of common stock on 2026-07-15
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent of one share, vest and are payable solely in cash
4 terms
Cash Settled Restricted Stock Units financial
"Security title listed as 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 shows Disposition to issuer for common stock"
vest and are payable solely in cash financial
"These units vest and are payable solely in cash as follows"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Western Alliance (WAL) report for Lynne Herndon on July 15, 2026?
Western Alliance reported that Chief Credit Officer Lynne Herndon settled equity awards involving 84 common-share equivalents on July 15, 2026. She exercised cash-settled restricted stock units and disposed of an equal number of common shares back to the issuer at $81.79 per share.
What cash-settled RSU balances remain for Western Alliance (WAL) Chief Credit Officer Lynne Herndon?
Following the July 15, 2026 activity, Herndon still holds cash-settled restricted stock units totaling 852, 420 and 227 units in three grants. Each unit is the economic equivalent of one Western Alliance common share and is payable solely in cash on vesting.
Are Lynne Herndon’s Western Alliance (WAL) transactions covered by a Rule 10b5-1 trading plan?
The Form 4 indicates these transactions were not made under a Rule 10b5-1 trading plan or other pre-arranged trading arrangement. The document-level checkbox for Rule 10b5-1 or non-Rule 10b5-1 arrangements is explicitly unchecked for Herndon’s July 15, 2026 transactions.
How do Western Alliance (WAL) cash-settled RSUs for Lynne Herndon vest over time?
Herndon’s cash-settled RSUs vest in monthly installments of 1/36th of each grant. The grants cover 36-month periods beginning March 2024, March 2025 and March 2026, ending in February 2027, February 2028 and February 2029, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
