Western Alliance CLO exercises 168 RSUs, no net sale
Western Alliance Bancorporation chief legal officer and secretary Jessica H. Jarvi reported compensation-related transactions involving cash-settled restricted stock units tied to the company’s common stock.
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Form Type
4
Rhea-AI Filing Summary
Western Alliance Bancorporation chief legal officer and secretary Jessica H. Jarvi reported compensation-related transactions involving cash-settled restricted stock units tied to the company’s common stock. On June 15, 2026, she exercised 168 cash-settled units, each economically equivalent to one WAL share, and an equal 168 common shares were disposed to the issuer at $81.81 per share, resulting in no net change in her direct share count. After these entries, she holds 13,707 shares of common stock directly and 2,074 shares indirectly through a WAL 401(k) plan as of June 11, 2026.
Insider Trade Summary
168 shares exercised/converted
Exercise
10 txns
Insider
Jarvi Jessica H
Role
CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units | 58 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 46 | $0.00 | $0.00 |
| Exercise | Cash Settled Restricted Stock Units | 64 | $0.00 | $0.00 |
| Exercise | Common Stock | 58 | $0.00 | $0.00 |
| Disposition | Common Stock | 58 | $81.81 | $5K |
| Exercise | Common Stock | 46 | $0.00 | $0.00 |
| Disposition | Common Stock | 46 | $81.81 | $4K |
| Exercise | Common Stock | 64 | $0.00 | $0.00 |
| Disposition | Common Stock | 64 | $81.81 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 3,415 contracts (Direct);
Common Stock — 13,707 shares (Direct);
Common Stock — 2,074 shares (Indirect, WAL 401(k))
Footnotes (5)
- 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.
- F5. Reflects shares held in the 401K Plan to include employer match as of 6/11/2026.
Key Figures
RSUs exercised: 168 units
Shares disposed to issuer: 168 shares
Disposition price: $81.81 per share
+5 more
8 metrics
RSUs exercised
168 units
Cash-settled restricted stock units exercised on June 15, 2026
Shares disposed to issuer
168 shares
Common shares returned to issuer at $81.81 on June 15, 2026
Disposition price
$81.81 per share
Price for 64, 46, and 58-share dispositions to issuer
Direct holdings after transactions
13,707 shares
Western Alliance common stock held directly by Jessica H. Jarvi
Indirect 401(k) holdings
2,074 shares
Shares held in WAL 401(k) plan including employer match as of June 11, 2026
Remaining RSUs (grant 1)
2,049 units
Cash-settled RSUs vesting monthly from March 2024 to February 2027
Remaining RSUs (grant 2)
919 units
Cash-settled RSUs vesting monthly from March 2025 to February 2028
Remaining RSUs (grant 3)
447 units
Cash-settled RSUs vesting monthly from March 2026 to February 2029
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent, 401K Plan, +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"
economic equivalent financial
"Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock."
401K Plan financial
"Reflects shares held in the 401K Plan to include employer match as of 6/11/2026."
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
vesting financial
"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."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WAL’s Jessica H. Jarvi report on this Form 4?
Jessica H. Jarvi reported exercising 168 cash-settled restricted stock units linked to Western Alliance Bancorporation common stock and an equal 168 common shares being disposed to the issuer at $81.81 per share, resulting in no net change to her direct share count.
What are cash-settled restricted stock units reported for WAL’s Jessica H. Jarvi?
The cash-settled restricted stock units are compensation awards payable solely in cash, each economically equivalent to one Western Alliance Bancorporation common share, with vesting schedules that pay 1/36th monthly over 36 months beginning in March 2024, March 2025, and March 2026, respectively.
Does the WAL Form 4 show open-market buying or selling by Jessica H. Jarvi?
The Form 4 does not report open-market purchases or sales. It reflects exercises of cash-settled restricted stock units and corresponding dispositions of common shares to the issuer, which are compensation-related entries rather than market trades involving outside investors.
How many cash-settled RSUs remain for WAL’s Jessica H. Jarvi after these transactions?
After the reported exercises, the filing shows remaining cash-settled restricted stock unit balances of 2,049 units, 919 units, and 447 units, each economically equivalent to one Western Alliance Bancorporation common share, subject to their respective 36‑month monthly vesting schedules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
