Western Alliance (WAL) CBO reports stock grants, cash-settled units and disposals

Q: How many Western Alliance (WAL) shares did Bruckner receive as a grant?

Bruckner received a grant of 3,346 shares of Western Alliance common stock at a price of $0.00 per share . This grant increased his direct ownership before subsequent tax-related withholding and issuer disposition transactions reported the same day.

Q: What is Bruckner’s WAL common stock ownership after these transactions?

After the reported transactions, Bruckner directly owned 29,068 shares of Western Alliance common stock . This figure reflects the net effect of new grants, derivative exercises, and share dispositions reported as of February 15, 2026, in the Form 4 filing.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation CBO for Regional Banking Tim R. Bruckner reported multiple equity-related transactions dated February 15, 2026. He acquired cash-settled restricted stock units in two derivative exercises totaling 273 units, each unit economically equivalent to one share of common stock.

He also received a grant of 3,346 shares of common stock at no cost and had shares withheld and disposed to the issuer for tax and related obligations at $93.20 per share. After these transactions, he directly held 29,068 shares of common stock plus remaining cash-settled units that vest monthly through periods ending in February 2027 and February 2028.

Insider Trade Summary

273 shares exercised/converted

Mixed 8 txns

Insider Bruckner Tim R

Role CBO for Regional Banking

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	158	$0.00	--
Exercise	Cash Settled Restricted Stock Units	115	$0.00	--
Grant/Award	Common Stock	3,346	$0.00	--
Tax Withholding	Common Stock	932	$93.20	$87K
Exercise	Common Stock	158	$0.00	--
Disposition	Common Stock	158	$93.20	$15K
Exercise	Common Stock	115	$0.00	--
Disposition	Common Stock	115	$93.20	$11K

Holdings After Transaction: Cash Settled Restricted Stock Units — 1,903 shares (Direct); Common Stock — 30,000 shares (Direct)

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 →

02/18/2026 - 04:36 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^*

Bruckner Tim R

(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)
	CBO for Regional Banking

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)
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	02/15/2026		A		3,346	A	$0	30,000	D
Common Stock	02/15/2026		F		932	D	$93.2	29,068	D
Common Stock	02/15/2026		M		158⁽¹⁾	A	$0⁽²⁾	29,226	D
Common Stock	02/15/2026		D		158	D	$93.2	29,068	D
Common Stock	02/15/2026		M		115⁽³⁾	A	$0⁽²⁾	29,183	D
Common Stock	02/15/2026		D		115	D	$93.2	29,068	D

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⁾	02/15/2026		M			158	⁽¹⁾	⁽¹⁾	Common Stock	158	⁽²⁾	1,903	D
Cash Settled Restricted Stock Units	⁽²⁾	02/15/2026		M			115	⁽³⁾	⁽³⁾	Common Stock	115	⁽²⁾	2,758	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.
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 did Tim R. Bruckner report in this Form 4 for WAL?

Tim R. Bruckner reported a mix of equity transactions, including new common stock grants, exercises of cash-settled restricted stock units, and share dispositions for tax and issuer-related purposes, all dated February 15, 2026, for Western Alliance Bancorporation.

How many Western Alliance (WAL) shares did Bruckner receive as a grant?

Bruckner received a grant of 3,346 shares of Western Alliance common stock at a price of $0.00 per share. This grant increased his direct ownership before subsequent tax-related withholding and issuer disposition transactions reported the same day.

What are the cash-settled restricted stock units reported by Bruckner at WAL?

The filing shows Bruckner holding cash-settled restricted stock units, each economically equivalent to one WAL common share. These units vest monthly, with separate 36-month schedules running from March 2024 to February 2027 and from March 2025 to February 2028, and are payable solely in cash.

Did Bruckner dispose of Western Alliance (WAL) shares in this Form 4?

Yes. The filing reports dispositions of WAL common stock using codes F and D, indicating tax-withholding and issuer-related dispositions. Shares were delivered at $93.20 per share, reducing his holdings while addressing exercise price or tax liabilities tied to equity awards.

What is Bruckner’s WAL common stock ownership after these transactions?

After the reported transactions, Bruckner directly owned 29,068 shares of Western Alliance common stock. This figure reflects the net effect of new grants, derivative exercises, and share dispositions reported as of February 15, 2026, in the Form 4 filing.

How do the WAL cash-settled units vest for Tim R. Bruckner?

The cash-settled units vest in equal monthly installments. One award vests 1/36th each month from March 2024 through February 2027, and another vests 1/36th each month from March 2025 through February 2028, with each vested unit payable solely in cash.