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WAL Vice Chairman & CFO reports Form 4 stock and RSU moves

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Western Alliance Bancorporation (WAL) reported insider activity by its Vice Chairman and CFO on a Form 4. On 11/15/2025, the executive reported multiple transactions in common stock and related cash-settled restricted stock units. The filing shows stock option-style transactions coded "M" for 285 and 212 cash-settled restricted stock units at an exercise price of $0, paired with dispositions of 285 and 212 common shares at $78.17 per share. After these transactions, the executive directly owned 300,358 common shares and indirectly held 612 shares through a 401K Plan as of mid-November 2025. The derivative holdings section shows remaining balances of 4,267 and 5,707 cash-settled restricted stock units that are economically equivalent to WAL common stock.

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Insider GIBBONS DALE
Role Vice Chairman and CFO
Type Security Shares Price Value
Exercise Cash Settled Restricted Stock Units 285 $0.00 --
Exercise Cash Settled Restricted Stock Units 212 $0.00 --
Exercise Common Stock 285 $0.00 --
Disposition Common Stock 285 $78.17 $22K
Exercise Common Stock 212 $0.00 --
Disposition Common Stock 212 $78.17 $17K
holding Common Stock -- -- --
Holdings After Transaction: Cash Settled Restricted Stock Units — 4,267 shares (Direct); Common Stock — 300,643 shares (Direct); Common Stock — 612 shares (Indirect, 401K Plan)
Footnotes (1)
  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. Reflects shares held in the 401K Plan to include employer match as of 11/13/2025.
Form 4 Insider Transactions: What Each Field Means →
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*
GIBBONS DALE
(Last) (First) (Middle)
C/O WESTERN ALLIANCE BANCORPORATION
ONE E. WASHINGTON STREET, STE 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)
Vice Chairman and CFO
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025
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 11/15/2025 M 285(1) A $0(2) 300,643 D
Common Stock 11/15/2025 D 285 D $78.17 300,358 D
Common Stock 11/15/2025 M 212(3) A $0(2) 300,570 D
Common Stock 11/15/2025 D 212 D $78.17 300,358 D
Common Stock 612(4) I 401K Plan
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) 11/15/2025 M 285 (1) (1) Common Stock 285 (2) 4,267 D
Cash Settled Restricted Stock Units (2) 11/15/2025 M 212 (3) (3) Common Stock 212 (2) 5,707 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. Reflects shares held in the 401K Plan to include employer match as of 11/13/2025.
Remarks:
/s/Jessica Jarvi (Attorney-in-fact) 11/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WAL report in this Form 4?

The Form 4 reports transactions by Western Alliance Bancorporation’s Vice Chairman and CFO involving common stock and cash-settled restricted stock units on 11/15/2025.

How many Western Alliance (WAL) shares did the CFO sell on 11/15/2025?

The CFO reported dispositions of 285 common shares and 212 common shares of Western Alliance Bancorporation, each at a price of $78.17 per share.

What derivative securities were involved in the WAL CFO’s Form 4 filing?

The filing lists cash-settled restricted stock units, including transactions involving 285 and 212 units, each unit being the economic equivalent of one share of Western Alliance Bancorporation common stock.

How many WAL shares does the CFO own after the reported transactions?

Following the reported transactions, the CFO beneficially owned 300,358 Western Alliance Bancorporation common shares directly and 612 shares indirectly through a 401K Plan.

What is the vesting schedule for the WAL cash-settled restricted stock units in this Form 4?

One tranche of units vests and is payable in cash in 1/36th increments each month from March 2024 through February 2027, and another vests in 1/36th increments from March 2025 through February 2028.

How many cash-settled RSUs does the WAL CFO still hold after these transactions?

After the reported transactions, the CFO beneficially owned 4,267 and 5,707 cash-settled restricted stock units, each economically equivalent to one share of Western Alliance Bancorporation common stock.

What is the relationship of the reporting person to Western Alliance Bancorporation (WAL)?

The reporting person is an officer of Western Alliance Bancorporation, serving as Vice Chairman and CFO, as disclosed in the Form 4.