Form 4: Western Alliance Bancorporation Officer Reports Routine Stock Vesting and Sale

Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported the vesting and subsequent sale of common stock shares related to cash-settled restricted stock units.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), reported transactions on June 15, 2025.
• Mr. Boothe acquired 97 shares of common stock at a price of $0 through the conversion of cash-settled restricted stock units (CSRSUs).
• Concurrently, he disposed of 97 shares of common stock at a price of $71.29 per share.
• Additionally, Mr. Boothe acquired another 69 shares of common stock at a price of $0 from the conversion of a separate tranche of CSRSUs.
• He also disposed of 69 shares of common stock at a price of $71.29 per share.
• These transactions appear to be a 'sell-to-cover' action, where vested shares are immediately sold to cover tax obligations.
• Following these transactions, Mr. Boothe directly beneficially owns 63,202 shares of common stock.
• He also indirectly beneficially owns 325 shares of common stock through his spouse, Alvina Boothe.
• The first set of CSRSUs (97 units) vests 1/36th monthly from March 2024 to February 2027, with 1,943 units remaining after this transaction.
• The second set of CSRSUs (69 units) vests 1/36th monthly from March 2025 to February 2028, with 2,207 units remaining after this transaction.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction related to compensation (vesting and sell-to-cover) and does not indicate a significant change in the insider's confidence or the company's outlook.

Positives

• The vesting of cash-settled restricted stock units indicates ongoing compensation and retention of a key executive.
• The transactions are routine and compensation-related, not indicative of a lack of confidence in the company.

Negatives

• The disposition of shares, while likely for tax purposes, represents a reduction in direct shareholdings by an insider.

Future Outlook

The document indicates ongoing vesting of Cash Settled Restricted Stock Units for Mr. Boothe, with units continuing to vest monthly until February 2027 and February 2028, respectively.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies. It reflects a standard compensation event (vesting of restricted stock units) and a typical 'sell-to-cover' transaction for tax purposes, rather than a strategic move related to broader industry trends in the banking sector.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a small, routine transaction related to executive compensation and tax management, not a significant change in insider holdings or a signal of company performance.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction.

Next Steps

• Continued monthly vesting of Cash Settled Restricted Stock Units for Timothy W. Boothe until February 2027 and February 2028, as per the vesting schedules.

Key Dates

Keywords

Western Alliance Bancorporation, WAL, SEC Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Officer Compensation, Share Disposition, Sell-to-Cover