Western Alliance (NYSE: WAL) HR chief settles 257 RSU-equivalent shares
Rhea-AI Filing Summary
Western Alliance Bancorporation executive Barbara Kennedy, Chief Human Resources Officer, reported equity award activity dated July 15, 2026. She exercised cash-settled restricted stock units economically equivalent to 257 shares of common stock and disposed an equal number of shares to the issuer at $81.79 per share, reflecting award settlement rather than open-market trading. Her direct common stock holdings are reported at 10,332 shares, with an additional 22,797 shares held indirectly through the Barbara and Ted Kennedy TTEE Kennedy Family Trust. She also continues to hold multiple tranches of cash-settled restricted stock units that vest monthly between 2024 and 2029.
Positive
- None.
Negative
- None.
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 F2, F1 | 101 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 74 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 82 | -- | -- |
| Exercise | Common Stock F1, F2 | 101 | $0.00 | -- |
| Disposition | Common Stock | 101 | $81.79 | $8K |
| Exercise | Common Stock F3, F2 | 74 | $0.00 | -- |
| Disposition | Common Stock | 74 | $81.79 | $6K |
| Exercise | Common Stock F4, F2 | 82 | $0.00 | -- |
| Disposition | Common Stock | 82 | $81.79 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 4,639 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
Shares exercised (equity awards): 257 shares
Disposition price: $81.79 per share
Direct common shares held: 10,332 shares
+4 more
7 metrics
Shares exercised (equity awards)
257 shares
Total underlying shares from derivative exercises on July 15, 2026
Disposition price
$81.79 per share
Price for common stock dispositions to issuer on July 15, 2026
Direct common shares held
10,332 shares
Direct Western Alliance common stock holdings after reported transactions
Indirect common shares held
22,797 shares
Indirect holdings via Barbara and Ted Kennedy TTEE Kennedy Family Trust
Cash-settled RSUs tranche 1
2,553 units
Cash Settled Restricted Stock Units remaining after transaction tied to F4 schedule
Cash-settled RSUs tranche 2
1,391 units
Cash Settled Restricted Stock Units remaining after transaction tied to F3 schedule
Cash-settled RSUs tranche 3
695 units
Cash Settled Restricted Stock Units remaining after transaction tied to F1 schedule
Key Terms
Disposition to issuer, Cash Settled Restricted Stock Units, economic equivalent of one share, nature_of_ownership
4 terms
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Cash Settled Restricted Stock Units financial
"security_title": "Cash Settled Restricted Stock Units", "transaction_date""
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.
nature_of_ownership financial
"nature_of_ownership": "Barbara and Ted Kennedy TTEE Kennedy Family Trust""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did WAL executive Barbara Kennedy report on this Form 4?
Barbara Kennedy reported equity award settlements on July 15, 2026, exercising cash-settled restricted stock units equivalent to 257 shares and disposing the same number of common shares to the issuer at $81.79 per share.
What are the cash settled restricted stock units reported by WAL’s Barbara Kennedy?
Barbara Kennedy holds cash settled restricted stock units, each being the economic equivalent of one share of Western Alliance common stock, which vest monthly and are payable solely in cash under multi-year schedules through 2029.
How many cash settled RSUs linked to WAL stock remain outstanding for Barbara Kennedy?
Following the July 15, 2026 activity, Barbara Kennedy has tranches of 2,553, 1,391, and 695 remaining cash settled restricted stock units, each economically equivalent to one share of Western Alliance common stock.