Western Alliance (NYSE: WAL) CEO returns 1,571 shares
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reported that Chairman, President & CEO Kenneth Vecchione had cash-settled restricted stock units vest on August 15, 2026, that are each the economic equivalent of one share of common stock. In connection with these vestings, he acquired 539, 437 and 595 common shares at $0.00 per share through derivative exercises and, in separate transactions, returned 539, 437 and 595 common shares to the issuer at $82.32 per share. Indirect holdings reported include 1,950 common shares in a 401(k) plan as of August 6, 2026, and 750 common shares held in the Darcy Vecchione UTMA (daughter) account. The filing indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1,571 shares exercised/converted
Exercise
11 txns
Insider
Vecchione Kenneth
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 539 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 437 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 595 | -- | -- |
| Exercise | Common Stock F1, F2 | 539 | $0.00 | $0.00 |
| Disposition | Common Stock | 539 | $82.32 | $44K |
| Exercise | Common Stock F3, F2 | 437 | $0.00 | $0.00 |
| Disposition | Common Stock | 437 | $82.32 | $36K |
| Exercise | Common Stock F4, F2 | 595 | $0.00 | $0.00 |
| Disposition | Common Stock | 595 | $82.32 | $49K |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 28,938 shares (Direct);
Common Stock — 463,178 shares (Direct);
Common Stock — 1,950 shares (Indirect, 401K Plan);
Common Stock — 750 shares (Indirect, Darcy Vecchione UTMA (daughter))
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 8/6/2026.
Key Figures
Derivative exercises: 1,571 shares
Disposition price to issuer: $82.32 per share
Shares acquired via exercises: 539; 437; 595 shares
+5 more
8 metrics
Derivative exercises
1,571 shares
Total common shares underlying cash-settled restricted stock units exercised on 2026-08-15
Disposition price to issuer
$82.32 per share
Price for dispositions of 539, 437 and 595 common shares to issuer on 2026-08-15
Shares acquired via exercises
539; 437; 595 shares
Blocks of WAL common stock acquired at $0.00 per share upon derivative exercises on 2026-08-15
Indirect 401(k) holdings
1,950 shares
Common shares held in 401K Plan including employer match as of 2026-08-06
UTMA account holdings
750 shares
Common shares held in Darcy Vecchione UTMA (daughter)
Vesting schedule (grant F1)
1/36th monthly, Mar 2024–Feb 2027
Cash-settled RSUs vest and are payable solely in cash on monthly schedule
Vesting schedule (grant F3)
1/36th monthly, Mar 2025–Feb 2028
Cash-settled RSUs vest and are payable solely in cash on monthly schedule
Vesting schedule (grant F4)
1/36th monthly, Mar 2026–Feb 2029
Cash-settled RSUs vest and are payable solely in cash on monthly schedule
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, UTMA, +1 more
5 terms
Cash Settled Restricted Stock Units financial
"The security title is 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 of common stock"
Disposition to issuer financial
"Transaction code description is Disposition to issuer"
UTMA financial
"Nature of ownership listed as Darcy Vecchione UTMA (daughter)"
Rule 10b5-1 trading plan regulatory
"Indicates transactions were not made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transactions did WAL CEO Kenneth Vecchione report on August 15, 2026?
Kenneth Vecchione reported vesting of cash-settled restricted stock units tied to Western Alliance Bancorporation common stock. He acquired 1,571 shares via derivative exercises at $0.00 per share and, in separate transactions, returned the same total number of shares to the issuer at $82.32 per share.
Were Kenneth Vecchione’s Western Alliance (WAL) trades under a Rule 10b5-1 plan?
The Form 4 indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan, as the document-level 10b5-1 checkbox is shown as unchecked. No separate footnote in this filing describes any pre-arranged trading arrangement.
How do the WAL cash-settled restricted stock units reported by Kenneth Vecchione work?
Each unit is the economic equivalent of one WAL common share and is payable solely in cash. Different unit grants vest monthly on the 15th over 36 months, beginning in March 2024, March 2025, and March 2026, and ending in February 2027, 2028, and 2029 respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
