Western Alliance (NYSE: WAL) CEO settles cash-settled units, keeps 463,178 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Alliance Bancorporation President and CEO Kenneth Vecchione reported routine compensation-related transactions involving cash-settled restricted stock units tied to the company’s common stock on May 15, 2026. He exercised derivative awards covering a total of 1,571 units that are each the economic equivalent of one share of common stock, and simultaneously disposed of the same 1,571 common shares back to the issuer at $74.42 per share, resulting in no net change in his direct share count.
Following these transactions, Vecchione directly held 463,178 shares of common stock and indirectly held 750 shares in a UTMA account for his daughter and 1,950 shares in a 401K Plan that includes employer match as of May 14, 2026. He also retained remaining balances of cash-settled restricted stock units that vest monthly through periods ending between February 2027 and February 2029, all payable solely in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,571 shares exercised/converted
Mixed
11 txns
Insider
Vecchione Kenneth
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 539 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 437 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 595 | $0.00 | -- |
| Exercise | Common Stock | 539 | $0.00 | -- |
| Disposition | Common Stock | 539 | $74.42 | $40K |
| Exercise | Common Stock | 437 | $0.00 | -- |
| Disposition | Common Stock | 437 | $74.42 | $33K |
| Exercise | Common Stock | 595 | $0.00 | -- |
| Disposition | Common Stock | 595 | $74.42 | $44K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 4,863 shares (Direct, null);
Common Stock — 463,717 shares (Direct, null);
Common Stock — 1,950 shares (Indirect, 401K Plan)
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. 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. Reflects shares held in the 401K Plan to include employer match as of 5/14/2026.
Key Figures
Common shares disposed to issuer: 1,571 shares
Disposition price: $74.42 per share
Direct common stock holdings: 463,178 shares
+5 more
8 metrics
Common shares disposed to issuer
1,571 shares
Returned to issuer at $74.42 per share on May 15, 2026
Disposition price
$74.42 per share
Price for 1,571 common shares disposed to issuer
Direct common stock holdings
463,178 shares
Shares directly held by CEO after May 15, 2026 transactions
Indirect 401K holdings
1,950 shares
Common shares held in 401K Plan including employer match as of May 14, 2026
Indirect UTMA holdings
750 shares
Common shares held in UTMA account for daughter
Cash-settled RSU vesting period 1
36 months
Vests monthly from March 2024 through February 2027, payable solely in cash
Cash-settled RSU vesting period 2
36 months
Vests monthly from March 2025 through February 2028, payable solely in cash
Cash-settled RSU vesting period 3
36 months
Vests monthly from March 2026 through February 2029, payable solely in cash
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent of one share, 401K Plan, +2 more
6 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""
401K Plan financial
"nature_of_ownership: "401K Plan""
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.
UTMA financial
"nature_of_ownership: "Darcy Vecchione UTMA (daughter)""
vest and are payable solely in cash financial
"These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month..."
FAQ
What insider transactions did WAL CEO Kenneth Vecchione report on May 15, 2026?
Kenneth Vecchione reported exercising 1,571 cash-settled restricted stock units and disposing of the same 1,571 common shares back to Western Alliance at $74.42 per share, a compensation-related settlement that left his overall direct share count unchanged at 463,178.
Did the WAL CEO sell Western Alliance stock on the open market in this Form 4?
No open-market sales were reported. The Form 4 shows dispositions coded “D,” meaning 1,571 common shares were returned to the issuer at $74.42 per share in connection with exercises of cash-settled restricted stock units, rather than sold through market transactions.
What are the terms of the WAL CEO’s cash-settled restricted stock units?
The cash-settled restricted stock units are payable solely in cash and vest monthly, with 1/36th of each grant vesting on the 15th day of each month over 36 months. The schedules run from March 2024 to February 2027, March 2025 to February 2028, and March 2026 to February 2029.
How do the WAL CEO’s cash-settled units relate to Western Alliance common stock?
Each cash-settled restricted stock unit is the economic equivalent of one share of Western Alliance common stock. While they track the value of the stock, the units are settled in cash rather than delivering actual shares when they vest and are paid.
What indirect holdings of Western Alliance stock does the WAL CEO report?
Kenneth Vecchione reports indirect ownership of 750 Western Alliance common shares held in a UTMA account for his daughter and 1,950 shares held in a 401K Plan. The 401K balance, including employer match, is stated as of May 14, 2026 in the filing’s footnotes.