Dale Gibbons, Vice Chair and CBO of Deposits at Western Alliance Bancorporation (WAL), has filed 76 Form 4 transactions, all in the single ticker. The aggregate picture is heavily weighted toward selling: total open-market sales reached $3.97 million, against just $308,000 in open-market purchases. The most recent activity, however, contains no discretionary trades at all.
The last two open-market sales occurred on June 9, 2026, and were substantial. Gibbons disposed of WAL shares worth $549,615.52 and $2,745,961.92 on that date, a combined $3.3 million. Since then, every filing has been mechanical. The pattern from May through August 2026 consists of paired option exercises (coded M, with zero dollar value) and shares surrendered to the issuer to cover tax obligations (coded D). Those D transactions ranged from roughly $15,777 to $23,461 per event, appearing in sets of three on the 15th of each month.
The absence of open-market purchases in the recent window is consistent with the broader record. Gibbons has not filed a single P transaction in the data set, meaning his only buys, if any, are buried in the $308,000 total across 76 filings. The June sales are the standout event, both in size and timing. Everything after them is routine administration of equity compensation, not a directional signal. The last discretionary action Gibbons took was to sell, and he sold in volume.
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