Western Alliance (NYSE: WAL) director receives 2,580 deferred stock units

Rhea-AI Filing Summary

Western Alliance Bancorporation director Juan R. Figuereo received an equity grant in the form of deferred stock units. On February 5, 2026, he was granted 2,580 Deferred Stock Units at a stated price of $0. These units vest on February 5, 2027 under the company’s Stock Incentive Plan and are credited to the Director Deferral Plan. After a separation from service, the Deferred Stock Units are paid out in shares of Western Alliance common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Figuereo Juan R

(Last) (First) (Middle)

ONE E. WASHINGTON STREET, SUITE 1400

(Street)

PHOENIX AZ 85004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTERN ALLIANCE BANCORPORATION [ WAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units(1)	(1)	02/05/2026		A		2,580		(1)	(1)	Common Stock	2,580	$0	2,580	D

Explanation of Responses:

1. Represents the grant of Deferred Stock Units under the Issuer's Stock Incentive Plan and credited under the Issuer's Director Deferral Plan, vesting on February 5, 2027. Deferred Stock Units are paid in shares of Common Stock issued under the Issuer's Stock Incentive Plan after a separation from service pursuant to the Director Deferral Plan.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	02/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did WAL director Juan R. Figuereo report on this Form 4?

Juan R. Figuereo reported receiving 2,580 Deferred Stock Units of Western Alliance Bancorporation on February 5, 2026. These units were granted under the company’s Stock Incentive Plan, carry a stated price of $0, and are credited to the Director Deferral Plan.

When do Juan R. Figuereo’s Western Alliance Deferred Stock Units vest?

The 2,580 Deferred Stock Units granted to Juan R. Figuereo vest on February 5, 2027. Vesting means the director earns full rights to the units at that date, subject to the terms of Western Alliance’s Stock Incentive Plan and Director Deferral Plan.

How will the Deferred Stock Units reported by WAL’s director be settled?

The Deferred Stock Units will be paid in shares of Western Alliance common stock. Payment occurs after a separation from service, in accordance with the Director Deferral Plan, using shares issued under the company’s Stock Incentive Plan rather than cash.

What is the reported price for the 2,580 Deferred Stock Units granted to the WAL director?

The Form 4 lists a transaction price of $0 for the 2,580 Deferred Stock Units. This indicates they were awarded as equity-based compensation, rather than purchased in the market, under Western Alliance’s Stock Incentive Plan and Director Deferral Plan.

Is the WAL director’s ownership of the Deferred Stock Units reported as direct or indirect?

The Form 4 reports Juan R. Figuereo’s 2,580 Deferred Stock Units as directly owned. There is no indication in the provided footnote of holdings through a separate entity, so the grant is attributed directly to the director.