Form 4: Western Alliance Officer Sells Shares Under 10b5-1 Plan

Western Alliance Bancorporation's Chief Administration Officer, Timothy W. Boothe, reported the sale of company common stock totaling 166 shares as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation (WAL), reported transactions involving the company's common stock on January 15, 2026.
• Boothe acquired 97 shares of common stock at a price of $0, which was immediately followed by the disposal of 97 shares of common stock at $89.83 per share.
• Additionally, Boothe acquired another 69 shares of common stock at a price of $0, and subsequently disposed of 69 shares of common stock at $89.83 per share.
• These acquisitions of common stock at $0 are related to the vesting of cash-settled restricted stock units (RSUs), where each unit is the economic equivalent of one share of common stock.
• All reported transactions were conducted pursuant to a pre-arranged Rule 10b5-1(c) trading plan.
• Following these transactions, Boothe beneficially owns a total of 63,527 shares, comprising 63,202 shares held directly and 325 shares held indirectly through his spouse, Alvina Boothe.
• The filing also details remaining cash-settled restricted stock units: 1,264 units from a grant vesting monthly from March 2024 to February 2027, and 1,724 units from another grant vesting monthly from March 2025 to February 2028.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions involving the vesting of restricted stock units and subsequent sale of common stock under a pre-arranged 10b5-1 trading plan. This is generally considered a neutral event as it's part of a compensation and liquidity strategy rather than a discretionary signal about the company's future.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 plan, indicating a structured and non-discretionary sale.
• Timothy W. Boothe maintains significant beneficial ownership in Western Alliance Bancorporation, totaling 63,527 shares.

Negatives

• An insider sale of 166 shares, even if planned, reduces the officer's direct equity holdings in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of 166 shares is a very small amount relative to the company's total outstanding shares and market capitalization, resulting in negligible direct impact. The existence of a 10b5-1 plan provides transparency regarding the executive's trading activities.
• Employees: The RSU vesting and subsequent transactions are part of the executive compensation structure.

Next Steps

• Continued monthly vesting of cash-settled restricted stock units until February 2027 for one grant.
• Continued monthly vesting of cash-settled restricted stock units until February 2028 for another grant.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically the vesting of restricted stock units and subsequent sale of a small number of shares under a pre-arranged Rule 10b5-1 plan. Such transactions are typically part of an executive's compensation and personal financial planning and do not usually signal a change in the company's fundamental outlook or performance. Therefore, based solely on this filing, there is no new information to warrant a change from a 'hold' recommendation. Investors should rely on broader financial reports and company-specific news for investment decisions.

Keywords

Western Alliance Bancorporation, WAL, Timothy W. Boothe, insider trading, Form 4, SEC filing, common stock, restricted stock units, RSU, 10b5-1 plan, officer transaction