Form 4: WAL Officer Sells Shares After RSU Vesting

Western Alliance Bancorporation's Chief Administration Officer, Timothy W. Boothe, reported the sale of common stock following the vesting of restricted stock units.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), reported transactions on September 15, 2025.
• Acquired 97 shares of common stock at a price of $0 upon the vesting of cash-settled restricted stock units.
• Disposed of 97 shares of common stock at a price of $89.05.
• Acquired an additional 69 shares of common stock at a price of $0 upon the vesting of another grant of cash-settled restricted stock units.
• Disposed of an additional 69 shares of common stock at a price of $89.05.
• Following these transactions, direct beneficial ownership of common stock is 63,202 shares.
• Indirect beneficial ownership of common stock is 325 shares through Alvina Boothe (spouse).
• Remaining direct beneficial ownership of cash-settled restricted stock units includes 1,652 units from a grant vesting monthly from March 2024 to February 2027.
• Remaining direct beneficial ownership of cash-settled restricted stock units also includes 2,000 units from a grant vesting monthly from March 2025 to February 2028.

Sentiment

Score: 5

Explanation: This is a routine insider transaction related to compensation and tax planning, not indicative of company performance or future outlook. Therefore, the sentiment is neutral.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information relevant to broader industry trends or competitor analysis. It reflects an individual executive's compensation and personal stock management.

Related Party Transactions

• Indirect beneficial ownership of 325 shares of common stock is held through Alvina Boothe (spouse).

Stakeholder Impact

• Minimal impact on shareholders as this is a routine compensation-related transaction by an officer.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Next Steps

• Ongoing monthly vesting of the remaining 1,652 cash-settled restricted stock units until February 2027.
• Ongoing monthly vesting of the remaining 2,000 cash-settled restricted stock units until February 2028.

Key Dates

Recommendation

The Form 4 filing details a routine insider transaction involving the vesting and subsequent sale of common stock by a Chief Administration Officer. These transactions are typically related to compensation and tax planning and do not provide sufficient fundamental information to alter an investment thesis or warrant a strong buy or sell recommendation. Investors should consider broader company fundamentals and market conditions.

Keywords

Western Alliance Bancorporation, WAL, Timothy W. Boothe, Form 4, insider trading, stock sale, RSU, restricted stock units, officer, Chief Administration Officer