Western Alliance CFO returns 123 shares to issuer

The units are payable solely in cash, with each unit economically equivalent to one share of common stock.

Rhea-AI Filing Summary

Western Alliance Bancorporation Chief Financial Officer Vishal Idnani reported an exercise or conversion involving 123 cash-settled restricted stock units on October 15, 2026. The units are payable solely in cash, and his reported post-transaction balance was 3,428 units. The same-day transactions also show 123 common shares acquired at $0 per share and 123 shares returned to the issuer at $74.35 per share.

Insider Trade Summary

123 shares exercised/converted

Exercise 3 txns

Insider Idnani Vishal

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units F2, F1	123	--	--
Exercise	Common Stock F1, F2	123	$0.00	$0.00
Disposition	Common Stock	123	$74.35	$9K

Holdings After Transaction: Cash Settled Restricted Stock Units — 3,428 contracts (Direct); Common Stock — 11,468 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

Key Figures

Cash-settled RSUs disposed in exercise or conversion: 123 units Common shares acquired: 123 shares at $0 per share Shares returned to issuer: 123 shares at $74.35 per share +1 more

4 metrics

Cash-settled RSUs disposed in exercise or conversion 123 units October 15, 2026

Common shares acquired 123 shares at $0 per share October 15, 2026

Shares returned to issuer 123 shares at $74.35 per share October 15, 2026

Cash-settled RSUs after transaction 3,428 units Reported following the October 15, 2026 transaction

Key Terms

Cash Settled Restricted Stock Units, economic equivalent, derivative security

3 terms

Cash Settled Restricted Stock Units financial

"Cash Settled Restricted Stock Units"

Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.

economic equivalent financial

"Each unit is the economic equivalent of one share"

derivative security technical

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did WAL CFO Vishal Idnani report on October 15, 2026?

He reported an exercise or conversion involving 123 cash-settled RSUs, acquisition of 123 common shares at $0 per share, and return of 123 shares to the issuer at $74.35 per share. His reported post-transaction balance was 3,428 units.

How do Vishal Idnani's cash-settled RSUs vest?

They vest and are payable solely in cash at 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/19/2026 - 04:31 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:31 PM EDT Learn about SEC filing dates

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^*

Idnani Vishal

(Last) (First) (Middle)

C/O WESTERN ALLIANCE BANCORPORATION

1 E. WASHINGTON ST., SUITE 1400

(Street)

PHOENIX ARIZONA 85004

(City) (State) (Zip)

UNITED STATES

(Country)

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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	10/15/2026		M		123(1)	A	$0(2)	11,591	D
Common Stock	10/15/2026		D		123	D	$74.35	11,468	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Cash Settled Restricted Stock Units	(2)	10/15/2026		M			123	(1)	(1)	Common Stock	123	(2)	3,428	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 2026 and ending February 2029.

2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	10/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)