Western Alliance (WAL) Chief Admin Officer Discloses RSU Vesting and $89.05 Share Sales
Rhea-AI Filing Summary
Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), reported changes in his beneficial ownership on 09/15/2025. The Form 4 shows a series of share acquisitions and dispositions and the vesting and cash-settlement of restricted stock units. After reported transactions, Mr. Boothe beneficially owned 63,202 shares of common stock, with an indirect interest of 325 shares held by his spouse, Alvina Boothe. The filing discloses cash-settled restricted stock units that vest monthly over 36-month schedules beginning March 2024 and March 2025, and two dispositions at $89.05 per share on 09/15/2025.
Positive
- Transparent disclosure of multiple transactions and precise vesting schedules for cash-settled restricted stock units
- Post-transaction beneficial ownership is explicitly stated as 63,202 shares, clarifying current holdings
Negative
- Two dispositions of common stock at $89.05 reduced holdings, indicating share sales on 09/15/2025
- Materiality limits: filing does not state total percentage ownership of the company, limiting context for investors
Insights
TL;DR: Form 4 reports routine officer vesting and market sales, with cash-settled RSUs and small spousal indirect holdings.
The filing documents multiple events on 09/15/2025: cash-settled restricted stock units vesting under two schedules and two share dispositions at $89.05 each that reduce beneficial ownership to 63,202 shares. The report identifies an indirect holding of 325 shares by the reporting person’s spouse. All transactions are consistent with equity compensation vesting and reported market sales; the form is signed by an attorney-in-fact.
TL;DR: Officer equity activity reflects compensation realization via cash-settled RSUs and small open-market share sales.
The disclosure specifies two cash-settled RSU grants with monthly vesting over 36 months (one beginning March 2024, one beginning March 2025) and shows vesting-related acquisitions recorded as 'M' codes and two dispositions at $89.05. Indirect spouse ownership of 325 shares is noted. The report provides clear vesting schedules and transaction prices without additional qualifiers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 97 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 69 | $0.00 | -- |
| Exercise | Common Stock | 97 | $0.00 | -- |
| Disposition | Common Stock | 97 | $89.05 | $9K |
| Exercise | Common Stock | 69 | $0.00 | -- |
| Disposition | Common Stock | 69 | $89.05 | $6K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock. 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.
