Western Alliance HR chief's cash-only stock awards vest

The common-stock entries pair each vesting tranche with a return to the issuer recorded at $74.35 per share.

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Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation (WAL) Chief Human Resources Officer Barbara Kennedy reported vesting of cash-settled restricted stock units on October 15, 2026: 101, 74 and 82 units. Each unit is the economic equivalent of one common share and is payable solely in cash. Separate common-stock entries record acquisitions of the same share amounts at $0 per share and returns of those amounts to the issuer at $74.35 per share. A separate holding entry lists 22,797 shares indirectly held by Barbara and Ted Kennedy TTEE Kennedy Family Trust.

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	$74.35	$8K
Exercise	Common Stock ^{F3, F2}	74	$0.00	$0.00
Disposition	Common Stock	74	$74.35	$6K
Exercise	Common Stock ^{F4, F2}	82	$0.00	$0.00
Disposition	Common Stock	82	$74.35	$6K
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 3,868 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 restricted stock units: 101 units Cash-settled restricted stock units: 74 units Cash-settled restricted stock units: 82 units +2 more

5 metrics

Cash-settled restricted stock units 101 units Vesting reported October 15, 2026; March 2024–February 2027 schedule

Cash-settled restricted stock units 74 units Vesting reported October 15, 2026; March 2025–February 2028 schedule

Cash-settled restricted stock units 82 units Vesting reported October 15, 2026; March 2026–February 2029 schedule

Disposition price per share $74.35 per share Common shares returned to issuer on October 15, 2026

Indirect trust holding 22,797 shares Barbara and Ted Kennedy TTEE Kennedy Family Trust

Key Terms

Cash Settled Restricted Stock Units, economic equivalent, vest

3 terms

Cash Settled Restricted Stock Units financial

"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"

vest financial

"These units vest and are payable solely in cash"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

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What did Barbara Kennedy report for WAL on October 15, 2026?

Barbara Kennedy, Chief Human Resources Officer, reported vesting of cash-settled restricted stock units in amounts of 101, 74 and 82 units. Each unit is the economic equivalent of one Western Alliance Bancorporation common share, and the units are payable solely in cash.

At what price were Barbara Kennedy's WAL common-stock dispositions recorded?

The entries show returns to the issuer of 101, 74 and 82 common shares, each recorded at $74.35 per share on October 15, 2026.

How do Barbara Kennedy's WAL cash-settled restricted stock units vest?

The 101-unit tranche vests and is payable solely in cash in 1/36th installments on the 15th of each month from March 2024 through February 2027; 74 units follow March 2025 through February 2028, and 82 units follow March 2026 through February 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/19/2026 - 04:31 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:31 PM EDT

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^*

Kennedy Barbara

(Last)

(First)

(Middle)

ONE E. WASHINGTON ST., SUITE 1400

(Street)

PHOENIX

ARIZONA

85004

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/15/2026		M		101⁽¹⁾	A	$0⁽²⁾	10,433	D
Common Stock	10/15/2026		D		101	D	$74.35	10,332	D
Common Stock	10/15/2026		M		74⁽³⁾	A	$0⁽²⁾	10,406	D
Common Stock	10/15/2026		D		74	D	$74.35	10,332	D
Common Stock	10/15/2026		M		82⁽⁴⁾	A	$0⁽²⁾	10,414	D
Common Stock	10/15/2026		D		82	D	$74.35	10,332	D
Common Stock								22,797	I	Barbara and Ted Kennedy TTEE Kennedy Family Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash Settled Restricted Stock Units	⁽²⁾	10/15/2026		M			101	⁽¹⁾	⁽¹⁾	Common Stock	101	⁽²⁾	392	D
Cash Settled Restricted Stock Units	⁽²⁾	10/15/2026		M			74	⁽³⁾	⁽³⁾	Common Stock	74	⁽²⁾	1,169	D
Cash Settled Restricted Stock Units	⁽²⁾	10/15/2026		M			82	⁽⁴⁾	⁽⁴⁾	Common Stock	82	⁽²⁾	2,307	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. 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.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	10/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR