Form 4: Western Alliance Executive's RSU Cash Settlement

Western Alliance Bancorporation's Vice Chair and CBO, Deposits, Dale Gibbons, reported the routine cash settlement of restricted stock units.

Summary

• Dale Gibbons, Vice Chair and CBO, Deposits at Western Alliance Bancorporation, reported the routine vesting and cash settlement of 726 Cash Settled Restricted Stock Units (CSRSUs) on March 15, 2026.
• These units were settled at a value of $67.97 per unit, resulting in a total cash payout of $49,345.02.
• The transactions did not result in any change to Gibbons' direct beneficial ownership of Western Alliance Bancorporation common stock, which remains at 307,093 shares.
• Gibbons also holds 612 shares indirectly through a 401K Plan, as of March 5, 2026.
• Remaining unvested CSRSUs total 15,989 units, with vesting schedules extending monthly until February 2029.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation payout rather than a discretionary transaction signaling a change in company outlook.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine compensation event and does not reflect a discretionary sale of actual shares by the executive.

Next Steps

• Monthly vesting of remaining 3,127 Cash Settled Restricted Stock Units (CSRSUs) until February 2027.
• Monthly vesting of remaining 4,859 Cash Settled Restricted Stock Units (CSRSUs) until February 2028.
• Monthly vesting of remaining 8,003 Cash Settled Restricted Stock Units (CSRSUs) until February 2029.

Key Dates

Recommendation

This Form 4 reports a routine executive compensation event involving the vesting and cash settlement of restricted stock units. It does not indicate any significant change in company fundamentals or management's outlook, thus warranting a 'hold' recommendation.

Keywords

Western Alliance Bancorporation, WAL, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Cash Settlement