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Western Alliance (NYSE: WAL) CEO reports stock awards, tax share disposals

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Western Alliance Bancorporation President and CEO Kenneth Vecchione reported multiple equity-related transactions dated February 15, 2026. He acquired 539 and 437 cash-settled restricted stock units, each economically equivalent to one common share, and received a grant of 17,366 shares of common stock at no cost.

He disposed of 7,442 shares of common stock at $93.20 per share to satisfy tax obligations, and made additional dispositions of 539 shares and 437 shares to the issuer at the same price. Following these transactions, he directly held 463,178 common shares, plus indirect holdings of 1,950 shares in a 401(k) plan and 750 shares in an account for his daughter.

Positive

  • None.

Negative

  • None.

Insights

Routine CEO equity awards with related tax and issuer share dispositions.

The disclosures show Kenneth Vecchione receiving equity compensation from Western Alliance Bancorporation, including 17,366 shares of common stock awarded at no cost and cash-settled restricted stock units that mirror common stock value. These are standard components of senior executive pay.

The filing also records 7,442 shares disposed at $93.20 per share to cover tax obligations, plus smaller dispositions back to the issuer, which are typical mechanisms tied to vesting or exercises. Overall, this appears to be routine compensation and tax-related activity rather than a directional bet on the stock.

Insider Vecchione Kenneth
Role President and CEO
Type Security Shares Price Value
Exercise Cash Settled Restricted Stock Units 539 $0.00 --
Exercise Cash Settled Restricted Stock Units 437 $0.00 --
Grant/Award Common Stock 17,366 $0.00 --
Tax Withholding Common Stock 7,442 $93.20 $694K
Exercise Common Stock 539 $0.00 --
Disposition Common Stock 539 $93.20 $50K
Exercise Common Stock 437 $0.00 --
Disposition Common Stock 437 $93.20 $41K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Cash Settled Restricted Stock Units — 6,480 shares (Direct); Common Stock — 470,620 shares (Direct); Common Stock — 1,950 shares (Indirect, 401K Plan)
Footnotes (1)
  1. 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. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock. 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. Reflects shares held in the 401K Plan to include employer match as of 2/5/2026.
Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
hours per response: 0.5
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*
Vecchione Kenneth
(Last) (First) (Middle)
C/O WESTERN ALLIANCE BANCORPORATION
ONE E. WASHINGTON STREET, STE 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
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026
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
Common Stock 02/15/2026 A 17,366 A $0 470,620 D
Common Stock 02/15/2026 F 7,442 D $93.2 463,178 D
Common Stock 02/15/2026 M 539(1) A $0(2) 463,717 D
Common Stock 02/15/2026 D 539 D $93.2 463,178 D
Common Stock 02/15/2026 M 437(3) A $0(2) 463,615 D
Common Stock 02/15/2026 D 437 D $93.2 463,178 D
Common Stock 1,950(4) I 401K Plan
Common Stock 750 I Darcy Vecchione UTMA (daughter)
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
Cash Settled Restricted Stock Units (2) 02/15/2026 M 539 (1) (1) Common Stock 539 (2) 6,480 D
Cash Settled Restricted Stock Units (2) 02/15/2026 M 437 (3) (3) Common Stock 437 (2) 10,482 D
Explanation of Responses:
1. 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.
2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
3. 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.
4. Reflects shares held in the 401K Plan to include employer match as of 2/5/2026.
Remarks:
/s/Jessica Jarvi (Attorney-in-fact) 02/18/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Western Alliance (WAL) CEO Kenneth Vecchione report?

Kenneth Vecchione reported equity-related transactions including a 17,366-share common stock award and acquisitions of cash-settled restricted stock units. He also recorded share dispositions to cover tax obligations and dispositions back to the issuer, reflecting typical executive compensation and settlement activity.

How many Western Alliance (WAL) shares did the CEO dispose of in this Form 4?

The CEO disposed of 7,442 shares of Western Alliance common stock at $93.20 per share for tax withholding, plus additional 539-share and 437-share dispositions to the issuer at the same price, all tied to equity compensation events rather than open-market selling.

What new Western Alliance (WAL) stock award did the CEO receive?

Kenneth Vecchione received a new award of 17,366 shares of Western Alliance common stock at a price of $0.00 per share. This grant represents equity compensation intended to align his interests with shareholders through direct ownership in the company’s stock.

What are the cash-settled restricted stock units reported by Western Alliance (WAL) CEO?

The CEO reported cash-settled restricted stock units, which are each economically equivalent to one Western Alliance common share. These units vest monthly over multi-year periods and are payable solely in cash, providing stock-linked value without issuing additional common shares upon settlement.

What are Kenneth Vecchione’s Western Alliance (WAL) holdings after these transactions?

After the reported transactions, Kenneth Vecchione directly held 463,178 shares of Western Alliance common stock. He also had indirect holdings of 1,950 shares in a 401(k) plan and 750 shares in an account for his daughter, as disclosed in the filing footnotes.

How do the Western Alliance (WAL) CEO’s transactions relate to taxes and vesting?

The filing shows tax-withholding dispositions of 7,442 shares at $93.20 per share and additional issuer dispositions aligned with equity events. These mechanics commonly occur when restricted stock or units vest or are exercised, allowing taxes and obligations to be settled using company shares.