Form 4: Western Alliance Officer Sells Shares

Western Alliance Bancorporation's Chief Administration Officer, Timothy W. Boothe, reported the disposition of shares related to tax withholding.

Summary

• Timothy W. Boothe, Chief Administration Officer of WESTERN ALLIANCE BANCORPORATION (WAL), reported the disposition of common stock.
• The transactions occurred on February 6, 2026, and February 7, 2026.
• A total of 384 shares were disposed of on February 6, 2026, at a price of $94.39 per share.
• An additional 599 shares were disposed of on February 7, 2026, also at a price of $94.39 per share.
• These dispositions were marked with transaction code 'F', indicating tax withholding on the vesting of restricted stock or similar event.
• Following these transactions, Timothy W. Boothe directly beneficially owns 63,866 shares of common stock.
• An additional 325 shares are indirectly beneficially owned through Alvina Boothe (spouse).
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax withholding, a routine and often non-discretionary event, and was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled rather than a reaction to recent company performance or outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider transaction reports, such as Form 4 filings, are routine disclosures required by the SEC. While significant discretionary sales by insiders can sometimes signal concerns, dispositions specifically for tax withholding purposes, especially when pre-planned under a Rule 10b5-1 plan, are generally considered non-discretionary and do not typically reflect management's sentiment about the company's future prospects.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes by an officer, not indicative of a change in company fundamentals or management confidence.

Key Dates

Keywords

Western Alliance Bancorporation, WAL, Timothy W. Boothe, Chief Administration Officer, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Rule 10b5-1