Western Alliance (NYSE: WAL) vice chair reports RSU exercises and issuer disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Alliance Bancorporation vice chair and chief banking officer for deposits Dale Gibbons reported routine compensation-related transactions involving cash-settled restricted stock units tied to the value of common stock. On April 15, 2026, he exercised units economically equivalent to 726 shares of common stock and simultaneously disposed of the same number of shares back to the company, resulting in no net change in his overall common stock position.
After these transactions, Gibbons directly held 307,093 shares of Western Alliance common stock and indirectly held 612 shares through a 401K plan that includes employer matching as of April 16, 2026. Footnotes explain that the units vest monthly over multi‑year periods and are payable solely in cash, with each unit representing the economic equivalent of one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
726 shares exercised/converted
Mixed
10 txns
Insider
GIBBONS DALE
Role
Vice Chair and CBO, Deposits
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 285 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 212 | $0.00 | -- |
| Exercise | Cash Settled Restricted Stock Units | 229 | $0.00 | -- |
| Exercise | Common Stock | 285 | $0.00 | -- |
| Disposition | Common Stock | 285 | $78.51 | $22K |
| Exercise | Common Stock | 212 | $0.00 | -- |
| Disposition | Common Stock | 212 | $78.51 | $17K |
| Exercise | Common Stock | 229 | $0.00 | -- |
| Disposition | Common Stock | 229 | $78.51 | $18K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 2,842 shares (Direct);
Common Stock — 307,378 shares (Direct);
Common Stock — 612 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 4/16/2026.
Key Figures
RSU equivalents exercised: 726 shares
Disposition price to issuer: $78.5100 per share
Direct common shares held: 307,093 shares
+2 more
5 metrics
RSU equivalents exercised
726 shares
Derivative exercises of cash-settled units on April 15, 2026
Disposition price to issuer
$78.5100 per share
Issuer dispositions of 285, 212, and 229 shares
Direct common shares held
307,093 shares
Direct ownership after April 15, 2026 transactions
Indirect 401K holdings
612 shares
401K Plan holdings including employer match as of April 16, 2026
Exercise transactions count
3 exercises
Derivative exercise transactions summarized in Form 4
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, 401K Plan, +1 more
5 terms
Cash Settled Restricted Stock Units financial
"These units vest and are payable solely in cash as follows"
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 Western Alliance"
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
401K Plan financial
"Reflects shares held in the 401K Plan to include employer match"
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did WAL executive Dale Gibbons report?
Dale Gibbons reported routine compensation transactions, exercising cash-settled restricted stock units equivalent to 726 common shares and concurrently returning the same number of shares to Western Alliance, leaving his overall share ownership essentially unchanged after the reported activity.
Were the WAL insider transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They reflect exercises of cash-settled restricted stock units and dispositions back to the issuer, categorized as derivative exercises and issuer dispositions rather than open-market trading in Western Alliance shares.
What are cash-settled restricted stock units in the WAL Form 4?
The cash-settled restricted stock units are compensation awards that vest monthly and are payable solely in cash. Each unit is described as being economically equivalent to one share of Western Alliance common stock, linking their value to the company’s share price performance.
Over what period do the WAL executive’s RSU awards vest?
The footnotes state the RSU awards vest in monthly installments over separate 36‑month periods. These periods begin in March 2024, March 2025, and March 2026, and run through February 2027, February 2028, and February 2029, respectively, for the different unit grants.