Form 4: Western Alliance Bancorporation Officer Reports Future RSU Vesting and Share Sale

Western Alliance Bancorporation's Chief Banking Officer, Stephen Russell Curley, filed a Form 4 detailing the future vesting and cash settlement of Restricted Stock Units and a corresponding sale of common stock on July 15, 2025.

Summary

• Stephen Russell Curley, Chief Banking Officer of Western Alliance Bancorporation, reported transactions scheduled for July 15, 2025.
• The transactions involve the vesting of 165 Cash Settled Restricted Stock Units (RSUs) and 129 Cash Settled RSUs.
• Each RSU is the economic equivalent of one share of Western Alliance Bancorporation common stock.
• Upon vesting, 165 common shares and 129 common shares were 'acquired' at a price of $0, representing the conversion of the RSUs.
• Concurrently, 165 common shares and 129 common shares (a total of 294 shares) were 'disposed of' at a price of $80.99 per share.
• Following these transactions, direct beneficial ownership of common stock decreased from 37,904 shares to 37,739 shares.
• The reporting person continues to hold 3,149 and 3,990 Cash Settled Restricted Stock Units directly.

Sentiment

Score: 5

Explanation: The filing reports routine compensation-related transactions (RSU vesting and subsequent sale) by an officer, which are expected events and do not indicate a significant change in company outlook or performance.

Positives

• The vesting of 294 Cash Settled Restricted Stock Units represents a realization of compensation for the Chief Banking Officer.

Negatives

• The sale of 294 common shares reduces the direct common stock holdings of the Chief Banking Officer.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency into insider equity transactions, specifically compensation-related share sales.
• Employees: Reflects standard equity compensation practices for executives.

Key Dates

Keywords

Western Alliance Bancorporation, WAL, Stephen Russell Curley, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Sale, Officer Compensation, Equity Compensation