Western Alliance (WAL) CLO Jarvi reports new stock and cash-settled unit awards

Rhea-AI Filing Summary

Western Alliance Bancorporation officer reports stock and unit awards. CLO & Secretary Jessica H. Jarvi acquired 1,537 shares of common stock on 02/05/2026 at a stated price of $0.00 per share, bringing her directly held common stock to 13,994 shares.

On the same date, she was also granted 2,305 cash-settled restricted stock units, each economically equivalent to one share of Western Alliance Bancorporation common stock. These units vest and are payable solely in cash, with 1/36th vesting on the 15th day of each month from March 2026 through February 2029. In addition, 2,074 common shares are held indirectly in a WAL 401(k) plan.

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^*

Jarvi Jessica H

(Last) (First) (Middle)

1 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)

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

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
Common Stock	02/05/2026		A		1,537	A	$0	13,994	D
Common Stock								2,074(1)	I	WAL 401(k)

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)	02/05/2026		A		2,305		(3)	(3)	Common Stock	2,305	(2)	2,305	D

Explanation of Responses:

1. Reflects shares held in the 401K Plan to include employer match as of 02/05/2026.

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 2026 and ending February 2029.

Remarks:

	Jessica H. Jarvi	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 did WAL officer Jessica H. Jarvi report on this Form 4?

Jessica H. Jarvi reported acquiring 1,537 Western Alliance Bancorporation common shares at a stated price of $0.00 per share and 2,305 cash-settled restricted stock units. She also reported a total of 13,994 directly held common shares and 2,074 shares held indirectly in a WAL 401(k) plan.

How many Western Alliance (WAL) shares does Jessica H. Jarvi now hold directly and indirectly?

After the reported transactions, Jessica H. Jarvi directly holds 13,994 Western Alliance Bancorporation common shares. She also has 2,074 common shares held indirectly through a WAL 401(k) plan, as of 02/05/2026, in addition to 2,305 cash-settled restricted stock units granted.

What are the terms of the 2,305 cash-settled restricted stock units reported by WAL’s CLO?

The 2,305 cash-settled restricted stock units are economically equivalent to one Western Alliance Bancorporation share each. They vest and are payable solely in cash, with 1/36th vesting on the 15th day of each month from March 2026 through February 2029, subject to continued service conditions.

What role does Jessica H. Jarvi hold at Western Alliance Bancorporation (WAL)?

Jessica H. Jarvi is an officer of Western Alliance Bancorporation, serving as Chief Legal Officer (CLO) and Secretary. Her Form 4 filing reflects equity-related awards and holdings associated with her position, including common stock and cash-settled restricted stock units tied to the company’s common stock.

How are the WAL cash-settled restricted stock units paid to Jessica H. Jarvi?

The cash-settled restricted stock units are paid solely in cash rather than in shares. Each unit is economically equivalent to one share of Western Alliance Bancorporation common stock, and cash payments correspond to the number of vested units according to the monthly vesting schedule through February 2029.

What does the WAL 401(k) holding represent in this Form 4 filing?

The WAL 401(k) holding represents 2,074 Western Alliance Bancorporation common shares held indirectly in a 401(k) plan, including employer matching contributions as of 02/05/2026. These shares are reported as indirect beneficial ownership separate from Jessica H. Jarvi’s directly held common stock position.