Form 4: WAL Officer's Routine Stock Transactions Reported

Western Alliance Bancorporation's Chief Administration Officer, Timothy W. Boothe, reported routine acquisitions and dispositions of common stock related to cash-settled restricted stock unit vesting.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported transactions on October 15, 2025.
• Acquired 97 shares of common stock at $0 per share upon the vesting of cash-settled restricted stock units (CSRUs).
• Disposed of 97 shares of common stock at $78.84 per share.
• Acquired an additional 69 shares of common stock at $0 per share upon the vesting of another batch of CSRUs.
• Disposed of an additional 69 shares of common stock at $78.84 per share.
• Following these transactions, direct beneficial ownership stands at 63,202 shares of common stock.
• Indirect beneficial ownership through Alvina Boothe (spouse) is 325 shares of common stock.
• Remaining cash-settled restricted stock units are 1,555 units (vesting monthly from March 2024 to February 2027) and 1,931 units (vesting monthly from March 2025 to February 2028).

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, which are neutral in terms of company performance or strategic direction. The officer maintains a significant equity stake.

Positives

• The officer continues to hold a significant number of shares (63,202 directly, 325 indirectly), indicating alignment with shareholder interests.
• The acquisition of shares at $0 price reflects the vesting of equity compensation, a common incentive for executives.

Negatives

• The disposition of shares at $78.84 likely represents a sale to cover tax obligations associated with the vesting of restricted stock units, which is a common practice and not necessarily a negative signal.

Future Outlook

The filing indicates ongoing vesting schedules for cash-settled restricted stock units, with monthly vesting continuing until February 2027 for one batch and February 2028 for another batch, suggesting continued equity-based compensation for the officer.

Industry Context

This Form 4 filing represents a routine insider transaction related to executive compensation, common across publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning for the banking sector.

Stakeholder Impact

• Minimal impact on shareholders as these are routine executive compensation transactions and do not signal a significant change in company strategy or financial health.

Next Steps

• Continued monthly vesting of 1,555 cash-settled restricted stock units until February 2027.
• Continued monthly vesting of 1,931 cash-settled restricted stock units until February 2028.

Key Dates

Keywords

Western Alliance Bancorporation, WAL, Timothy W. Boothe, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Officer Compensation, Equity Vesting