Form 4: Western Alliance Bancorporation Officer Exercises and Sells Restricted Stock Units

Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, executed a series of transactions involving the exercise and subsequent sale of cash-settled restricted stock units.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), engaged in transactions on July 15, 2025.
• Boothe exercised 97 cash-settled restricted stock units (RSUs), which converted into 97 shares of common stock at an exercise price of $0.
• Concurrently, Boothe disposed of these 97 shares of common stock at a price of $80.99 per share.
• Additionally, Boothe exercised another 69 cash-settled RSUs, converting into 69 shares of common stock at an exercise price of $0.
• These 69 shares were also disposed of at a price of $80.99 per share.
• Following these transactions, Boothe directly beneficially owns 63,202 shares of Common Stock.
• Boothe also indirectly owns 325 shares of Common Stock through Alvina Boothe (spouse).
• Remaining derivative holdings include 1,846 cash-settled restricted stock units from a batch that began vesting in March 2024 and 2,138 cash-settled restricted stock units from a batch that began vesting in March 2025.

Sentiment

Score: 5

Explanation: The transaction is a routine exercise and sale of restricted stock units by an officer, which is a common compensation event and does not inherently indicate strong positive or negative sentiment regarding the company's future prospects.

Positives

• The exercise of restricted stock units indicates the realization of compensation for the Chief Administration Officer.

Negatives

• The sale of shares by an officer, even if compensation-related, reduces their direct equity stake in the company.

Future Outlook

The remaining cash-settled restricted stock units will continue to vest monthly, with one batch concluding in February 2027 and another in February 2028.

Industry Context

This transaction represents a routine compensation-related event for a senior executive in the banking sector, where equity-based compensation, including restricted stock units, is a common component of executive pay packages.

Related Party Transactions

• Timothy W. Boothe indirectly owns 325 shares of Common Stock through his spouse, Alvina Boothe.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and is unlikely to have a significant direct impact on the broader shareholder base.
• Employees: No direct impact on employees beyond the reporting person.

Next Steps

• Continued monthly vesting of the remaining 1,846 cash-settled restricted stock units until February 2027.
• Continued monthly vesting of the remaining 2,138 cash-settled restricted stock units until February 2028.

Key Dates

Keywords

Western Alliance Bancorporation, WAL, SEC Form 4, insider transaction, restricted stock units, RSU, Timothy W Boothe, Chief Administration Officer, stock sale