Western Alliance (NYSE: WAL) CAO logs stock grant, RSU exercises and tax dispositions

Rhea-AI Filing Summary

Western Alliance Bancorporation’s Chief Administration Officer Timothy W. Boothe reported multiple equity-related transactions involving common stock and cash-settled restricted stock units. On February 15, 2026, he acquired 2,151 shares of common stock as a grant at $0.0000 per share, bringing his direct common stock holdings to 66,017 shares before subsequent dispositions.

On the same date, Boothe exercised derivative awards and settled related obligations. He acquired common stock through derivative exercises of 97 shares and 69 shares, while disposing of 600 shares, 97 shares, and 69 shares of common stock at $93.20 per share in transactions coded as tax-withholding and dispositions to the issuer, leaving 65,417 shares held directly. Separately, he exercised 97 and 69 cash-settled restricted stock units, with 1,655 units remaining. Footnotes state these units are payable solely in cash, vesting 1/36th monthly from March 2024–February 2027 and March 2025–February 2028, and each unit is economically equivalent to one share of common stock. The filing also notes 325 shares held indirectly through his spouse.

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

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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^*

Boothe Timothy W

(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)
	Chief Administration Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/15/2026		A		2,151	A	$0	66,017	D
Common Stock	02/15/2026		F		600	D	$93.2	65,417	D
Common Stock	02/15/2026		M		97(1)	A	$0(2)	65,514	D
Common Stock	02/15/2026		D		97	D	$93.2	65,417	D
Common Stock	02/15/2026		M		69(3)	A	$0(2)	65,486	D
Common Stock	02/15/2026		D		69	D	$93.2	65,417	D
Common Stock								325	I	Alvina Boothe (spouse)

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)	02/15/2026		M			97	(1)	(1)	Common Stock	97	(2)	1,167	D
Cash Settled Restricted Stock Units	(2)	02/17/2026		M			69	(3)	(3)	Common Stock	69	(2)	1,655	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.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	02/18/2026
	** 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.
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FAQ

What insider transactions did WAL executive Timothy W. Boothe report on this Form 4?

Timothy W. Boothe reported a grant of 2,151 Western Alliance Bancorporation common shares, several derivative exercises into common stock, and related tax-withholding and issuer disposition transactions, leaving him with 65,417 directly held shares plus 325 shares indirectly held through his spouse.

How many Western Alliance (WAL) shares does Timothy W. Boothe hold after these transactions?

After these transactions, Timothy W. Boothe directly holds 65,417 shares of Western Alliance common stock. The filing also reports an additional 325 shares held indirectly through his spouse, Alvina Boothe, reflecting combined direct and indirect economic exposure.

What are the terms of the cash-settled restricted stock units reported by WAL’s Timothy W. Boothe?

Boothe’s cash-settled restricted stock units are payable solely in cash and vest 1/36th each month. One grant vests from March 2024 to February 2027, and another from March 2025 to February 2028, with each unit economically equivalent to one common share.

Were Western Alliance (WAL) shares sold on the market in this Form 4 filing?

The filing shows dispositions coded F and D, representing tax-withholding and dispositions to the issuer at $93.20 per share. These transactions reflect shares delivered for obligations, not open-market sales initiated as discretionary sell orders.

What price was used for Western Alliance (WAL) tax-withholding and issuer disposition transactions?

For the tax-withholding and issuer disposition transactions, the filing reports a transaction price of $93.20 per share. This price applies to the 600, 97, and 69 common shares delivered in those specific disposition events.

How many cash-settled RSUs remain outstanding for WAL’s Timothy W. Boothe?

Following the reported derivative exercises of 97 and 69 cash-settled restricted stock units, the Form 4 states that 1,655 such units remain. Each unit is economically equivalent to one Western Alliance common share but will be settled in cash.