Western Alliance CFO nets zero on 123-share trade

WESTERN ALLIANCE BANCORPORATION (WAL) reported transactions by Chief Financial Officer Vishal Idnani involving 123 cash-settled restricted stock units and related common shares on August 15, 2026.

Rhea-AI Filing Summary

WESTERN ALLIANCE BANCORPORATION (WAL) reported transactions by Chief Financial Officer Vishal Idnani involving 123 cash-settled restricted stock units and related common shares on August 15, 2026. 123 units, each economically equivalent to one common share, were settled into 123 shares of common stock at a price of $0.00 per share. The same day, 123 common shares were disposed of to the issuer at $82.32 per share, resulting in no net change in common share holdings from these steps. Following the settlement, Idnani held 3,674 cash-settled restricted stock units, which vest monthly from March 2026 through February 2029.

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	$82.32	$10K

Holdings After Transaction: Cash Settled Restricted Stock Units — 3,674 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

RSUs settled: 123 units Common shares acquired: 123 shares Shares disposed to issuer: 123 shares +3 more

6 metrics

RSUs settled 123 units Cash Settled Restricted Stock Units converted on August 15, 2026

Common shares acquired 123 shares Common stock received upon derivative exercise at $0.00 per share

Shares disposed to issuer 123 shares Common stock disposition to issuer on August 15, 2026

Disposition price $82.32 per share Price for disposition of 123 common shares to issuer

Cash-settled RSUs remaining 3,674 units Cash Settled Restricted Stock Units held following the reported transactions

Vesting period 36 months Monthly vesting from March 2026 through February 2029

Key Terms

Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, derivative security

4 terms

Cash Settled Restricted Stock Units financial

"These units vest and are payable solely in cash as follows"

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"

Disposition to issuer financial

"transaction_code_description":"Disposition to issuer"

derivative security financial

"transaction_code_description":"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 insider transaction did WAL’s CFO Vishal Idnani report on August 15, 2026?

Idnani reported settlement of 123 cash-settled restricted stock units into 123 common shares, followed by a disposition of 123 shares to the issuer at $82.32 per share, resulting in no net change in his common share position from these steps.

How many cash-settled restricted stock units does WAL CFO Vishal Idnani hold after this Form 4?

After the reported transactions, Idnani held 3,674 cash-settled restricted stock units. These units are payable solely in cash and are scheduled to vest in equal monthly installments over 36 months from March 2026 through February 2029.

What price was received in the WAL CFO’s disposition of common stock to the issuer?

The disposition to the issuer involved 123 WAL common shares at a price of $82.32 per share. This transaction is coded as a disposition to the issuer, without specifying any purpose such as tax withholding in the available data.

Are WAL CFO Vishal Idnani’s units reported on this Form 4 equity or cash-settled?

The reported units are cash-settled restricted stock units, not stock-settled awards. Each unit is the economic equivalent of one share of WAL common stock and is payable solely in cash according to a defined monthly vesting schedule.

What is the vesting schedule for the WAL CFO’s cash-settled restricted stock units?

The units vest and are payable solely in cash, with 1/36th vesting on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029, providing a steady stream of cash-settled compensation.

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

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Available on EDGAR 08/18/2026 - 04:28 PM Accepted by SEC EDGAR 08/18/2026 - 04:27 PM 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)
08/15/2026

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	08/15/2026		M		123(1)	A	$0(2)	11,591	D
Common Stock	08/15/2026		D		123	D	$82.32	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)	08/15/2026		M			123	(1)	(1)	Common Stock	123	(2)	3,674	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)	08/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)