Western Alliance (WAL) CEO reports matched share exercise and issuer dispositions

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation Chairman, President & CEO Kenneth Vecchione reported routine equity compensation activity involving company stock and cash-settled units. On June 15, 2026, he exercised a total of 1,571 shares of Common Stock at $0.00 per share through multiple “M” transactions, corresponding to cash settled restricted stock units where each unit is the economic equivalent of one share of common stock.

On the same date, he recorded matching “D” transactions labeled as dispositions to the issuer for 595, 437 and 539 shares at $81.81 per share, leaving his direct Common Stock holdings at 463,178 shares after the transactions. He also reported indirect holdings of 750 shares for a UTMA account for his daughter and 1,950 shares held through a 401K Plan, the latter reflecting employer match as of June 11, 2026. Cash-settled restricted stock units remain outstanding, vesting monthly over 36‑month periods ending between February 2027 and February 2029, and are payable solely in cash.

Insider Trade Summary

1,571 shares exercised/converted

Mixed 11 txns

Insider Vecchione Kenneth

Role Chairman, President & CEO

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	539	$0.00	--
Exercise	Cash Settled Restricted Stock Units	437	$0.00	--
Exercise	Cash Settled Restricted Stock Units	595	$0.00	--
Exercise	Common Stock	539	$0.00	--
Disposition	Common Stock	539	$81.81	$44K
Exercise	Common Stock	437	$0.00	--
Disposition	Common Stock	437	$81.81	$36K
Exercise	Common Stock	595	$0.00	--
Disposition	Common Stock	595	$81.81	$49K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 4,324 shares (Direct, null); Common Stock — 463,717 shares (Direct, null); Common Stock — 1,950 shares (Indirect, 401K Plan)

Footnotes (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. 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. Reflects shares held in the 401K Plan to include employer match as of 6/11/2026.

Key Figures

Shares exercised: 1,571 shares Disposition price: $81.81 per share Direct holdings after transaction: 463,178 shares +5 more

8 metrics

Shares exercised 1,571 shares Common Stock acquired via derivative exercises on June 15, 2026

Disposition price $81.81 per share Price for Common Stock dispositions to issuer on June 15, 2026

Direct holdings after transaction 463,178 shares Common Stock held directly by CEO after June 15, 2026

Indirect UTMA holdings 750 shares Common Stock held indirectly for daughter in UTMA account

Indirect 401K holdings 1,950 shares Common Stock held in 401K Plan including employer match as of June 11, 2026

Remaining RSU units (grant 1) 19,022 units Cash settled restricted stock units outstanding after June 15, 2026

Remaining RSU units (grant 2) 8,734 units Additional cash settled restricted stock units outstanding

Remaining RSU units (grant 3) 4,324 units Additional cash settled restricted stock units outstanding

Key Terms

Cash Settled Restricted Stock Units, Disposition to issuer, UTMA, 401K Plan, +1 more

5 terms

Cash Settled Restricted Stock Units financial

"security_title: "Cash Settled Restricted Stock Units" with vesting payable solely in cash"

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.

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer" for Common Stock with code D"

UTMA financial

"nature_of_ownership: "Darcy Vecchione UTMA (daughter)" describing indirect holdings"

401K Plan financial

"nature_of_ownership: "401K Plan" with footnote reflecting employer match"

A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 05:18 PM Accepted by SEC EDGAR 06/17/2026 - 05:18 PM

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

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman, President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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	06/15/2026		M		539⁽¹⁾	A	$0⁽²⁾	463,717	D
Common Stock	06/15/2026		D		539	D	$81.81	463,178	D
Common Stock	06/15/2026		M		437⁽³⁾	A	$0⁽²⁾	463,615	D
Common Stock	06/15/2026		D		437	D	$81.81	463,178	D
Common Stock	06/15/2026		M		595⁽⁴⁾	A	$0⁽²⁾	463,773	D
Common Stock	06/15/2026		D		595	D	$81.81	463,178	D
Common Stock								1,950⁽⁵⁾	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)
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⁾	06/15/2026		M			539	⁽¹⁾	⁽¹⁾	Common Stock	539	⁽²⁾	4,324	D
Cash Settled Restricted Stock Units	⁽²⁾	06/15/2026		M			437	⁽³⁾	⁽³⁾	Common Stock	437	⁽²⁾	8,734	D
Cash Settled Restricted Stock Units	⁽²⁾	06/15/2026		M			595	⁽⁴⁾	⁽⁴⁾	Common Stock	595	⁽²⁾	19,022	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.

5. Reflects shares held in the 401K Plan to include employer match as of 6/11/2026.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	06/17/2026
	** 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

FAQ

What insider transactions did WAL CEO Kenneth Vecchione report on June 15, 2026?

Kenneth Vecchione reported exercising 1,571 shares of Western Alliance common stock at $0.00 per share and simultaneously disposing of 1,571 shares back to the issuer at $81.81 per share, reflecting routine activity tied to equity compensation and cash-settled restricted stock units.

How many Western Alliance (WAL) shares does the CEO hold after these Form 4 transactions?

After the June 15, 2026 transactions, Kenneth Vecchione holds 463,178 shares of Western Alliance common stock directly. He also reports 750 shares held indirectly in a UTMA account for his daughter and 1,950 shares held indirectly through a 401K Plan account.

What price was used for the WAL CEO’s dispositions to the issuer on June 15, 2026?

The dispositions to the issuer were reported at a transaction price of $81.81 per share. These involved three “D” transactions for 595, 437 and 539 shares of Western Alliance common stock, matching the number of shares acquired through related equity compensation exercises.

What are the terms of the cash settled restricted stock units reported by WAL’s CEO?

The cash settled restricted stock units vest and are payable solely in cash, with 1/36th vesting on the 15th of each month over 36 months. Different grants run from March 2024–February 2027, March 2025–February 2028, and March 2026–February 2029, each unit mirroring one common share economically.

How many cash settled restricted stock units remain outstanding for the WAL CEO?

Following the June 15, 2026 transactions, the Form 4 shows remaining cash settled restricted stock units of 19,022, 8,734 and 4,324 units across three grants. Each unit is the economic equivalent of one Western Alliance common share, but all are settled exclusively in cash upon vesting.

How are the WAL CEO’s indirect holdings structured in this Form 4 filing?

Indirect holdings include 750 Western Alliance shares in a UTMA account for his daughter and 1,950 shares in a 401K Plan. The 401K balance includes employer matching contributions as of June 11, 2026, as described in the filing’s explanatory footnote.