Western Alliance HR chief settles 257 stock units
Chief Human Resources Officer Barbara Kennedy settled 257 cash-settled RSUs tied to WAL stock value while retaining 22,797 common shares indirectly through a family trust.
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reports that Chief Human Resources Officer Barbara Kennedy settled vested cash-settled restricted stock units on September 15, 2026. Three tranches totaling 257 units, each economically equivalent to one share of common stock, vested and were settled in cash with corresponding issuer dispositions at $79.03 per share. An indirect holding of 22,797 common shares remains in the Kennedy Family Trust. No Rule 10b5-1 trading plan is reported.
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 | $0.00 |
| Disposition | Common Stock | 101 | $79.03 | $8K |
| Exercise | Common Stock F3, F2 | 74 | $0.00 | $0.00 |
| Disposition | Common Stock | 74 | $79.03 | $6K |
| Exercise | Common Stock F4, F2 | 82 | $0.00 | $0.00 |
| Disposition | Common Stock | 82 | $79.03 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 4,125 contracts (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
Cash-settled RSUs settled: 257 units
Common stock dispositions to issuer: 257 shares
Disposition price per share: $79.03 per share
+2 more
5 metrics
Cash-settled RSUs settled
257 units
Total cash-settled restricted stock units settled on September 15, 2026
Common stock dispositions to issuer
257 shares
Issuer dispositions matching RSU settlements on September 15, 2026
Disposition price per share
$79.03 per share
Price for issuer dispositions of 101, 74, and 82 common shares
Indirect common stock holdings
22,797 shares
Common shares held indirectly via Kennedy Family Trust after transactions
Number of derivative exercises
3 derivative exercises
Cash-settled RSU exercises/conversions on September 15, 2026
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, disposition to issuer, indirect ownership
4 terms
Cash Settled Restricted Stock Units financial
"The security title is 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.
economic equivalent financial
"Each unit is the economic equivalent of one share"
disposition to issuer financial
"transaction description notes a disposition to issuer"
indirect ownership financial
"shares held as indirect ownership via the Kennedy Family Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WAL’s Chief Human Resources Officer report on September 15, 2026?
Barbara Kennedy reported settlement of 257 cash-settled restricted stock units, in three tranches of 101, 74, and 82 units, each economically equivalent to one share of Western Alliance Bancorporation common stock, with matching issuer dispositions at $79.03 per share.
Did the WAL Form 4 show open-market buying or selling by Barbara Kennedy?
No. The Form 4 shows exercises/conversions of cash-settled restricted stock units and corresponding dispositions to the issuer at $79.03 per share, rather than open-market purchases or sales.
Were Barbara Kennedy’s WAL transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 plan is reported; the document-level Rule 10b5-1 checkbox is not checked for these transactions.
What vesting schedules apply to the WAL cash-settled RSUs reported for Barbara Kennedy?
Footnotes state the units vest and are payable solely in cash at a rate of 1/36th on the 15th day of each month over 36-month periods beginning in March 2024, March 2025, and March 2026, ending in February 2027, 2028, and 2029, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
