Western Alliance (NYSE: WAL) HR chief logs RSU-linked stock trades

Q: What insider activity did WAL’s Chief Human Resources Officer report?

Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation (WAL) , reported transactions on January 15, 2026 involving cash-settled restricted stock units and related common stock acquisitions and sales.

Q: How many Western Alliance (WAL) shares did Barbara Kennedy sell and at what price?

She sold 101 shares and 74 shares of Western Alliance common stock, for a total of 175 shares, at a price of $89.83 per share on January 15, 2026 .

Q: What equity awards does Barbara Kennedy still hold at Western Alliance (WAL)?

Following the reported transactions, she held 1,301 and 1,835 cash-settled restricted stock units, each unit being the economic equivalent of one share of Western Alliance Bancorporation common stock.

Q: How many Western Alliance (WAL) shares does Barbara Kennedy own directly and indirectly?

After the transactions, she directly owned 8,753 shares of Western Alliance common stock and had an indirect interest in 22,797 shares held by the Barbara and Ted Kennedy TTEE Kennedy Family Trust .

Q: How do Barbara Kennedy’s Western Alliance (WAL) cash-settled RSUs vest?

One tranche vests and is payable solely in cash at 1/36th per month from March 2024 through February 2027 , and another vests at 1/36th per month from March 2025 through February 2028 .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation’s Chief Human Resources Officer, Barbara Kennedy, reported routine equity-related transactions on January 15, 2026. Cash-settled restricted stock units economically equivalent to common stock led to movements in both derivatives and common shares. She acquired 101 and 74 shares of common stock at an exercise price of $0 and sold the same amounts at $89.83 per share. After these transactions, she directly owned 8,753 shares of common stock and held an indirect interest in 22,797 shares through the Kennedy Family Trust. She also continued to hold 1,301 and 1,835 cash-settled restricted stock units that vest monthly through February 2027 and February 2028, respectively.

Insider Trade Summary

175 shares exercised/converted

Mixed 7 txns

Insider Kennedy Barbara

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	101	$0.00	--
Exercise	Cash Settled Restricted Stock Units	74	$0.00	--
Exercise	Common Stock	101	$0.00	--
Disposition	Common Stock	101	$89.83	$9K
Exercise	Common Stock	74	$0.00	--
Disposition	Common Stock	74	$89.83	$7K
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 1,301 shares (Direct); Common Stock — 8,854 shares (Direct); Common Stock — 22,797 shares (Indirect, Barbara and Ted Kennedy TTEE Kennedy Family Trust)

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.

Form 4 Insider Transactions: What Each Field Means →

01/20/2026 - 04:12 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^*

Kennedy Barbara

(Last)

(First)

(Middle)

ONE E. WASHINGTON ST., 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)
	Chief Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		M		101⁽¹⁾	A	$0⁽²⁾	8,854	D
Common Stock	01/15/2026		D		101	D	$89.83	8,753	D
Common Stock	01/15/2026		M		74⁽³⁾	A	$0⁽²⁾	8,827	D
Common Stock	01/15/2026		D		74	D	$89.83	8,753	D
Common Stock								22,797	I	Barbara and Ted Kennedy TTEE Kennedy Family Trust

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⁾	01/15/2026		M			101	⁽¹⁾	⁽¹⁾	Common Stock	101	⁽²⁾	1,301	D
Cash Settled Restricted Stock Units	⁽²⁾	01/15/2026		M			74	⁽³⁾	⁽³⁾	Common Stock	74	⁽²⁾	1,835	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)	01/20/2026
	** 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 activity did WAL’s Chief Human Resources Officer report?

Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation (WAL), reported transactions on January 15, 2026 involving cash-settled restricted stock units and related common stock acquisitions and sales.

How many Western Alliance (WAL) shares did Barbara Kennedy sell and at what price?

She sold 101 shares and 74 shares of Western Alliance common stock, for a total of 175 shares, at a price of $89.83 per share on January 15, 2026.

What equity awards does Barbara Kennedy still hold at Western Alliance (WAL)?

Following the reported transactions, she held 1,301 and 1,835 cash-settled restricted stock units, each unit being the economic equivalent of one share of Western Alliance Bancorporation common stock.

How many Western Alliance (WAL) shares does Barbara Kennedy own directly and indirectly?

After the transactions, she directly owned 8,753 shares of Western Alliance common stock and had an indirect interest in 22,797 shares held by the Barbara and Ted Kennedy TTEE Kennedy Family Trust.

How do Barbara Kennedy’s Western Alliance (WAL) cash-settled RSUs vest?

One tranche vests and is payable solely in cash at 1/36th per month from March 2024 through February 2027, and another vests at 1/36th per month from March 2025 through February 2028.

What is the economic relationship between the RSUs and Western Alliance (WAL) stock?

Each cash-settled restricted stock unit is disclosed as being the economic equivalent of one share of Western Alliance Bancorporation common stock, though the awards are payable solely in cash.