WAL officer Bruckner granted stock and cash-settled units

Western Alliance Bancorporation officer Tim R. Bruckner reported new equity-linked awards.

Rhea-AI Filing Summary

Western Alliance Bancorporation officer Tim R. Bruckner reported new equity-linked awards. On February 5, 2026, he acquired 3,403 shares of common stock at a reported price of $0 per share, bringing his directly held common stock to 28,162 shares.

He also acquired 5,103 cash-settled restricted stock units, each economically equivalent to one share of Western Alliance Bancorporation common stock. These units vest and are paid in cash in equal monthly installments over 36 months from March 2026 through February 2029.

Insider Trade Summary

Grant/Award: 8,506 shares

Grant/Award 2 txns

Insider Bruckner Tim R

Role CBO for Regional Banking

Type	Security	Shares	Price	Value
Grant/Award	Cash Settled Restricted Stock Units	5,103	$0.00	$0.00
Grant/Award	Common Stock	3,403	$0.00	$0.00

Holdings After Transaction: Cash Settled Restricted Stock Units — 5,103 contracts (Direct); Common Stock — 28,162 shares (Direct)

Footnotes (2)

1. F1. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
2. F2. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WAL officer Tim R. Bruckner report?

Tim R. Bruckner reported acquiring common stock and cash-settled units in Western Alliance Bancorporation. He obtained 3,403 shares of common stock and 5,103 cash-settled restricted stock units, reflecting additional equity-linked compensation tied to the company’s stock performance and vesting over time.

How many Western Alliance (WAL) shares does Tim R. Bruckner now directly hold?

After the reported transaction, Tim R. Bruckner directly holds 28,162 shares of Western Alliance Bancorporation common stock. This figure reflects his position following the acquisition of 3,403 new shares reported in the filing dated February 5, 2026, under his officer role.

What are the terms of Tim R. Bruckner’s 5,103 cash-settled restricted stock units at WAL?

Bruckner’s 5,103 cash-settled restricted stock units are economically equivalent to Western Alliance common shares but payable solely in cash. They vest 1/36th each month on the 15th, over 36 months from March 2026 through February 2029, creating a long-term, gradually realized cash benefit.

Does Tim R. Bruckner receive actual WAL shares from the 5,103 restricted stock units?

No, the 5,103 restricted stock units are cash-settled, not share-delivering. Each unit is economically equivalent to one Western Alliance common share, but the award is paid in cash as it vests monthly between March 2026 and February 2029, rather than issuing new stock.

At what price were the 3,403 Western Alliance (WAL) common shares recorded for Tim R. Bruckner?

The 3,403 Western Alliance Bancorporation common shares acquired by Tim R. Bruckner were reported at a transaction price of $0 per share. This indicates they were not purchased on the open market but reflect an award or similar non-cash issuance recorded in the Form 4.

What is Tim R. Bruckner’s role at Western Alliance Bancorporation (WAL)?

Tim R. Bruckner is identified as an officer of Western Alliance Bancorporation with the title “CBO for Regional Banking.” His Form 4 filing reports equity-linked awards tied to the company, including common stock and cash-settled restricted stock units granted on February 5, 2026.

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

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Accepted by SEC EDGAR 02/09/2026 - 04:22 PM Learn about SEC filing dates

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^*

Bruckner Tim R

(Last) (First) (Middle)

ONE E WASHINGTON ST., 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)
	CBO for Regional Banking

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		3,403	A	$0	28,162	D

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	(1)	02/05/2026		A		5,103		(2)	(2)	Common Stock	5,103	(1)	5,103	D

Explanation of Responses:

1. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

2. 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)	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.