Western Alliance (NYSE: WAL) CAO logs RSU exercises and issuer dispositions
Rhea-AI Filing Summary
Western Alliance Bancorporation Chief Administration Officer Timothy W. Boothe reported multiple transactions on July 15, 2026 involving cash-settled restricted stock units tied to common stock. He exercised derivative awards covering 235 units, each the economic equivalent of one share, with corresponding common shares acquired at $0 and returned to the issuer at $81.79 per share in issuer dispositions. After these transactions he held 65,417 common shares directly and 325 shares indirectly through his spouse, along with cash-settled RSU positions of 2,124, 1,310 and 682 units under three awards that vest 1/36 each month from March 2024 through February 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
235 shares exercised/converted
Exercise
10 txns
Insider
Boothe Timothy W
Role
Chief Administration Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 97 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 69 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 69 | -- | -- |
| Exercise | Common Stock F1, F2 | 97 | $0.00 | $0.00 |
| Disposition | Common Stock | 97 | $81.79 | $8K |
| Exercise | Common Stock F3, F2 | 69 | $0.00 | $0.00 |
| Disposition | Common Stock | 69 | $81.79 | $6K |
| Exercise | Common Stock F4, F2 | 69 | $0.00 | $0.00 |
| Disposition | Common Stock | 69 | $81.79 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 4,116 shares (Direct);
Common Stock — 65,417 shares (Direct);
Common Stock — 325 shares (Indirect, Alvina Boothe (spouse))
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
Shares Disposed to Issuer: 69 shares at $81.79
Shares Disposed to Issuer: 97 shares at $81.79
Derivative Shares Exercised: 235 shares
+5 more
8 metrics
Shares Disposed to Issuer
69 shares at $81.79
Common stock disposition-to-issuer transaction on 2026-07-15
Shares Disposed to Issuer
97 shares at $81.79
Common stock disposition-to-issuer transaction on 2026-07-15
Derivative Shares Exercised
235 shares
Total underlying shares from derivative exercises (code M) on 2026-07-15
Direct Common Shares Held
65,417 shares
Total Western Alliance common shares held directly after transactions
Indirect Common Shares Held
325 shares
Common shares held indirectly through spouse after transactions
Cash-Settled RSUs Remaining Award 1
2,124 units
Cash-settled RSUs vesting monthly March 2026 to February 2029
Cash-Settled RSUs Remaining Award 2
1,310 units
Cash-settled RSUs vesting monthly March 2025 to February 2028
Cash-Settled RSUs Remaining Award 3
682 units
Cash-settled RSUs vesting monthly March 2024 to February 2027
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent, Chief Administration Officer, +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"
Chief Administration Officer financial
"officer_title: "Chief Administration Officer""
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Western Alliance (WAL) insider Timothy W. Boothe report on this Form 4?
Timothy W. Boothe reported multiple transactions on July 15, 2026 involving cash-settled restricted stock units linked to Western Alliance common stock, including 235 units exercised and related issuer dispositions of common shares at $81.79 per share.
What RSU activity did Western Alliance (WAL) report for Timothy W. Boothe?
Boothe exercised derivative awards covering 235 cash-settled restricted stock units, each equal to one Western Alliance common share economically. These RSUs are payable solely in cash and vest 1/36 each month under three separate 36‑month schedules.
What cash-settled RSU balances remain for Timothy W. Boothe at Western Alliance (WAL)?
Following the July 15, 2026 activity, Boothe retained cash-settled RSU positions of 2,124 units, 1,310 units and 682 units, each unit being the economic equivalent of one Western Alliance common share and vesting in monthly installments.