Western Alliance (NYSE: WAL) CLO reports RSU exercises and issuer share disposals

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation’s CLO & Secretary Jessica H. Jarvi reported routine equity-related transactions. On March 15, 2026, she exercised cash-settled restricted stock units that are economically equivalent to company common stock and recorded related common share entries.

The filing shows paired acquisitions and dispositions of 168 common shares in total, including dispositions to the issuer at $67.97 per share. After these transactions, she directly held 13,707 common shares and indirectly held 2,074 shares through the WAL 401(k) plan as of March 5, 2026. The cash-settled units vest monthly in equal installments over 36-month periods beginning in March 2024, March 2025, and March 2026.

Insider Trade Summary

168 shares exercised/converted

Mixed 10 txns

Insider Jarvi Jessica H

Role CLO & Secretary

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	58	$0.00	--
Exercise	Cash Settled Restricted Stock Units	46	$0.00	--
Exercise	Cash Settled Restricted Stock Units	64	$0.00	--
Exercise	Common Stock	58	$0.00	--
Disposition	Common Stock	58	$67.97	$4K
Exercise	Common Stock	46	$0.00	--
Disposition	Common Stock	46	$67.97	$3K
Exercise	Common Stock	64	$0.00	--
Disposition	Common Stock	64	$67.97	$4K
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 621 shares (Direct); Common Stock — 13,765 shares (Direct); Common Stock — 2,074 shares (Indirect, WAL 401(k))

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 3/5/2026.

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Form 4 Insider Transactions: What Each Field Means →

03/17/2026 - 04:25 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^*

Jarvi Jessica H

(Last)

(First)

(Middle)

1 E. WASHINGTON STREET

SUITE 1400

(Street)

PHOENIX

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)
03/15/2026

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)
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	03/15/2026		M		58⁽¹⁾	A	$0⁽²⁾	13,765	D
Common Stock	03/15/2026		D		58	D	$67.97	13,707	D
Common Stock	03/15/2026		M		46⁽³⁾	A	$0⁽²⁾	13,753	D
Common Stock	03/15/2026		D		46	D	$67.97	13,707	D
Common Stock	03/15/2026		M		64⁽⁴⁾	A	$0⁽²⁾	13,771	D
Common Stock	03/15/2026		D		64	D	$67.97	13,707	D
Common Stock								2,074⁽⁵⁾	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)
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⁾	03/15/2026		M			58	⁽¹⁾	⁽¹⁾	Common Stock	58	⁽²⁾	621	D
Cash Settled Restricted Stock Units	⁽²⁾	03/15/2026		M			46	⁽³⁾	⁽³⁾	Common Stock	46	⁽²⁾	1,057	D
Cash Settled Restricted Stock Units	⁽²⁾	03/15/2026		M			64	⁽⁴⁾	⁽⁴⁾	Common Stock	64	⁽²⁾	2,241	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 3/5/2026.

Remarks:

	Jessica H. Jarvi	03/17/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WAL’s Jessica H. Jarvi report on March 15, 2026?

Jessica H. Jarvi reported exercising cash-settled restricted stock units and related common stock entries on March 15, 2026. The activity included acquisitions and matching dispositions of 168 common shares, recorded as issuer dispositions, reflecting routine equity-related adjustments rather than open-market buying or selling.

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

After the reported transactions, Jessica Jarvi directly holds 13,707 shares of Western Alliance common stock. She also indirectly holds 2,074 shares through the WAL 401(k) plan, which includes employer matching contributions recorded as of March 5, 2026, according to the filing footnotes.

What price was used for Jessica Jarvi’s issuer dispositions of Western Alliance (WAL) stock?

The dispositions to the issuer were recorded at a price of $67.97 per share. These were coded as “Disposition to issuer” rather than open-market sales, indicating internal share transfers tied to the equity compensation activity instead of regular market trading.

How do Jessica Jarvi’s cash-settled restricted stock units work at Western Alliance (WAL)?

The cash-settled restricted stock units are economically equivalent to one share of Western Alliance common stock each. They vest and are payable solely in cash, in monthly 1/36th installments over 36-month periods beginning in March 2024, March 2025, and March 2026, respectively.

Is Jessica Jarvi’s March 2026 Form 4 for WAL a routine equity compensation event?

Yes. The filing reflects exercises of cash-settled restricted stock units and corresponding issuer dispositions, typical of equity compensation administration. There are no open-market purchases or sales reported, and her resulting holdings remain substantial, suggesting routine compensation-related adjustments.