Western Alliance (NYSE: WAL) HR chief exercises 257 units, holds 33,129 shares
Rhea-AI Filing Summary
Western Alliance Bancorporation Chief Human Resources Officer Barbara Kennedy reported routine compensation-related activity involving cash-settled restricted stock units that are each the economic equivalent of one share of common stock. On April 15, 2026, she exercised units tied to 257 shares of common stock and recorded related dispositions back to the issuer at $78.51 per share.
Following these transactions, Kennedy held 10,332 shares of Western Alliance common stock directly and 22,797 shares indirectly through the Kennedy Family Trust. Footnotes state that the units vest and are payable solely in cash in equal monthly installments over 36-month periods beginning in March 2024, March 2025, and March 2026.
Positive
- None.
Negative
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Insider Trade Summary
257 shares exercised/converted
Exercise
10 txns
Insider
Kennedy Barbara
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 101 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 74 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 82 | $0.00 | $0.00 |
| Exercise | Common Stock | 101 | $0.00 | $0.00 |
| Disposition | Common Stock | 101 | $78.51 | $8K |
| Exercise | Common Stock | 74 | $0.00 | $0.00 |
| Disposition | Common Stock | 74 | $78.51 | $6K |
| Exercise | Common Stock | 82 | $0.00 | $0.00 |
| Disposition | Common Stock | 82 | $78.51 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 5,410 shares (Direct);
Common Stock — 10,332 shares (Direct);
Common Stock — 22,797 shares (Indirect, Barbara and Ted Kennedy TTEE Kennedy Family Trust)
Footnotes (4)
- F1. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.
- F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
- F3. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.
- F4. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029.
Key Figures
Derivative exercises: 257 shares equivalent
Disposition price: $78.51 per share
Direct holdings after: 10,332 shares
+4 more
7 metrics
Derivative exercises
257 shares equivalent
Cash Settled Restricted Stock Units exercised on April 15, 2026
Disposition price
$78.51 per share
Common stock disposed to issuer on April 15, 2026
Direct holdings after
10,332 shares
Common stock held directly by Barbara Kennedy after transactions
Indirect holdings after
22,797 shares
Common stock held indirectly via Kennedy Family Trust
Vesting period 1
36 months
Cash-settled units vest monthly from March 2024 to February 2027
Vesting period 2
36 months
Cash-settled units vest monthly from March 2025 to February 2028
Vesting period 3
36 months
Cash-settled units vest monthly from March 2026 to February 2029
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent of one share, vest and are payable solely in cash, +1 more
5 terms
Cash Settled Restricted Stock Units financial
"security_title: Cash Settled Restricted Stock Units"
Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
vest and are payable solely in cash financial
"These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month"
restricted stock units financial
"Cash Settled Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What insider activity did WAL’s Barbara Kennedy report on this Form 4?
Barbara Kennedy reported exercises of cash-settled restricted stock units equivalent to 257 shares of Western Alliance common stock and related dispositions of 257 shares back to the issuer at $78.51 per share, reflecting routine compensation settlement activity rather than open-market trading.
What price was used for Barbara Kennedy’s dispositions of WAL common stock?
The filing shows that 257 shares of Western Alliance common stock were disposed of back to the issuer at a price of $78.51 per share, coded as a disposition to the issuer rather than an open-market sale on an exchange.
How do Barbara Kennedy’s WAL cash-settled restricted stock units work?
Each cash-settled restricted stock unit is described as the economic equivalent of one share of Western Alliance common stock and vests in monthly installments, with units payable solely in cash over 36-month periods starting in March 2024, March 2025, and March 2026.
Were Barbara Kennedy’s WAL transactions open-market buys or sells?
No open-market buys or sells are reported. The Form 4 shows derivative exercises/conversions of cash-settled restricted stock units and dispositions to the issuer at $78.51 per share, indicating issuer-related settlement activity rather than trading on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
