STOCK TITAN

[Form 4] WESTERN ALLIANCE BANCORPORATION Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Kenneth Vecchione, President and CEO and a director of Western Alliance Bancorporation (WAL), reported multiple transactions in the issuer's common stock on 09/15/2025. The report shows cash-settled restricted stock units vesting and being recorded as economic equivalents of shares, routine purchases via vesting, and corresponding disposals at a reported price of $89.05 per share.

Following the reported activity, Vecchione beneficially owns 447,611 shares directly, plus additional indirect holdings including 1,950 shares in a 401(k) and 750 held in a UTMA for his daughter; cash-settled RSUs recorded total 9,175 and 12,667 underlying-share equivalents in Box II. The filing notes scheduled monthly cash vesting for two RSU tranches through February 2027 and February 2028.

Kenneth Vecchione, presidente e CEO e direttore di Western Alliance Bancorporation (WAL), ha riportato multiple transazioni nelle azioni ordinarie dell'emittente il 15/09/2025. Il rapporto mostra unità di azioni ristrette liquidate in contanti che maturano e sono registrate come equivalenti economici di azioni, acquisti routinari tramite maturazione e relative disposizioni a un prezzo riportato di 89,05 dollari per azione. Dopo l'attività riportata, Vecchione detiene direttamente 447.611 azioni, oltre a partecipazioni indirette includendo 1.950 azioni in un 401(k) e 750 detenute in un UTMA per sua figlia; le RSU pagate in contanti registrate totalizzano 9.175 e 12.667 equivalenti di azioni sottostanti in Box II. La dichiarazione segnala la maturazione mensile pianificata di due tranche di RSU tramite febbraio 2027 e febbraio 2028.
Kenneth Vecchione, presidente y director ejecutivo y director de Western Alliance Bancorporation (WAL), reportó múltiples transacciones en las acciones ordinarias del emisor el 15/09/2025. El informe muestra RSU liquidadas en efectivo que vencen y se registran como equivalentes económicos de acciones, compras rutinarias mediante vesting y ventas correspondientes a un precio reportado de 89,05 dólares por acción. Tras la actividad reportada, Vecchione posee de forma beneficiosa directamente 447.611 acciones, además de participaciones indirectas que incluyen 1.950 acciones en un 401(k) y 750 en un UTMA para su hija; las RSU pagadas en efectivo registraron un total de 9.175 y 12.667 equivalentes de acciones subyacentes en Box II. La presentación indica un vesting mensual planificado para dos tramos de RSU hasta febrero de 2027 y febrero de 2028.
Kenneth Vecchione은 Western Alliance Bancorporation(WAL)의 회장 겸 최고경영자이자 이사로서 2025년 9월 15일에 발행사의 보통주에 대해 다수의 거래를 보고했습니다. 보고서는 현금으로settle되는 제한 주식 단위가 귀속되어 주식의 경제적 등가물로 기록되고, 귀속을 통한 정기적 매입과 보고된 주당 가격 89.05달러로의 처분이 포함되어 있습니다. 보고된 활동 후 Vecchione은 직접적으로 447,611주를 보유하고 있으며, 간접 보유로 401(k)에서 1,950주, 딸을 위한 UTMA에 750주가 포함됩니다. 현금 settlement RSU는 총 9,175주와 12,667주의 기초 주식 등가물을 Box II에 기록했습니다. 제출서는 2027년 2월과 2028년 2월까지 두 RSU 트랜치의 월별 현금 귀속이 예정되어 있음을 명시하고 있습니다.
Kenneth Vecchione, président et directeur général ainsi qu'administrateur de Western Alliance Bancorporation (WAL), a signalé plusieurs transactions sur les actions ordinaires de l'émetteur le 15/09/2025. Le rapport montre des unités d'actions restreintes réglées en cash qui se vencent et sont enregistrées comme des équivalents économiques des actions, des achats routiniers par acquisition et des cessions correspondantes à un prix déclaré de 89,05 dollars par action. Suite à l'activité signalée, Vecchione détient directement 447 611 actions et dispose également d'importantes participations indirectes comprenant 1 950 actions dans un 401(k) et 750 détenues dans un UTMA pour sa fille; les RSU réglées en cash enregistrent au total 9 175 et 12 667 équivalents d'actions sous-jacentes dans Box II. Le dépôt note un vesting mensuel prévu pour deux tranches de RSU jusqu'en février 2027 et février 2028.
Kenneth Vecchione, Präsident und CEO und Direktor der Western Alliance Bancorporation (WAL), meldete am 15.09.2025 mehrere Transaktionen in den Stamaktien des Emittenten. Der Bericht zeigt cash-gezahlte Restricted Stock Units, die reifen und als wirtschaftliche Äquivalente von Aktien erfasst werden, routinemäßige Käufe durch Vesting und entsprechende Veräußerungen zu einem berichteten Preis von 89,05 USD pro Aktie. Nach der gemeldeten Aktivität besitzt Vecchione direkt 447.611 Aktien und weitere indirekte Beteiligungen, darunter 1.950 Aktien in einem 401(k) und 750 in einem UTMA für seine Tochter; cash-settled RSUs verzeichneten insgesamt 9.175 und 12.667 zugrunde liegende Aktienäquivalente in Box II. Die Einreichung vermerkt monatliches Cash-Vesting für zwei RSU-Tranchen bis Februar 2027 und Februar 2028.
كينيث فيكشين، رئيس مجلس الإدارة والمدير التنفيذي وعضو مجلس إدارة Western Alliance Bancorporation (WAL)، أبلغ عن عدة معاملات في الأسهم العادية للمُصدر في 15/09/2025. يظهر التقرير وحدات أسهم مقيدة تُسدد نقداً وتُسجل كمعادلات اقتصادية للأسهم، وشراءات روتينية عبر الاستحقاق، وعمليات بيع مطابقة بسعر مُبلغ عنه قدره 89.05 دولار للسهم. بعد النشاط المذكور، يمتلك فيكشين بشكل مباشر 447,611 سهماً، إضافة إلى امتلاك غير مباشر يشمل 1,950 سهماً في 401(k) و750 سهماً في UTMA لابنته؛ وحدات RSU المدفوعة نقداً سجلت إجمالاً 9,175 و12,667 من المعادل الأساسي للسهم في Box II. تشير الوثيقة إلى استحقاق شهري نقدي لاثنتين من شرائح RSU حتى فبراير 2027 وفبراير 2028.
Keneth Vecchione,总裁兼首席执行官,Western Alliance Bancorporation (WAL) 的董事,于 2025 年 9 月 15 日就发行人的普通股报告了多笔交易。该报告显示现金结算的受限股单位在归属并被记录为股票的经济等价物,按归属进行的常规买入,以及在每股 89.05 美元的报告价格下的处置。在所报告的活动之后,Vecchione 直接合计拥有 447,611 股,并通过间接持股还包括在 401(k) 中的 1,950 股,以及为其女儿设立的 UTMA 中的 750 股;现金结算的 RSU 总共记录了 9,175 股和 12,667 股基础股等价物在 Box II。文件注记了两轮 RSU 计划到 2027 年 2 月和 2028 年 2 月的月度现金归属。
Positive
  • None.
Negative
  • None.

Insights

TL;DR Insider completed routine RSU vesting with modest share disposals, leaving substantial direct ownership near 448k shares.

The activity appears procedural: two series of cash-settled restricted stock units are vesting monthly, producing economic equivalents of common shares that were recorded as acquisitions and, in some instances, matched by disposals at $89.05. The net beneficial ownership remains materially large at 447,611 shares direct plus retirement and UTMA holdings, indicating continued insider stake alignment with shareholders. No exercises or new option grants are reported; transactions are described as cash-settled RSUs and ordinary sales.

TL;DR Transactions are consistent with routine executive compensation vesting and scheduled liquidity, not a governance red flag.

The form documents standard compensation mechanics: two RSU tranches vesting monthly from March 2024 and March 2025 respectively, each payable solely in cash and each unit equivalent to one share. The report also discloses incremental transfers out of ownership (sales) at a stated price, and indirect holdings including a 401(k) and UTMA for a family member. Reporting appears complete with vesting schedules disclosed; no indications of unusual clustering or undisclosed related-party arrangements are present in the filing text provided.

Kenneth Vecchione, presidente e CEO e direttore di Western Alliance Bancorporation (WAL), ha riportato multiple transazioni nelle azioni ordinarie dell'emittente il 15/09/2025. Il rapporto mostra unità di azioni ristrette liquidate in contanti che maturano e sono registrate come equivalenti economici di azioni, acquisti routinari tramite maturazione e relative disposizioni a un prezzo riportato di 89,05 dollari per azione. Dopo l'attività riportata, Vecchione detiene direttamente 447.611 azioni, oltre a partecipazioni indirette includendo 1.950 azioni in un 401(k) e 750 detenute in un UTMA per sua figlia; le RSU pagate in contanti registrate totalizzano 9.175 e 12.667 equivalenti di azioni sottostanti in Box II. La dichiarazione segnala la maturazione mensile pianificata di due tranche di RSU tramite febbraio 2027 e febbraio 2028.
Kenneth Vecchione, presidente y director ejecutivo y director de Western Alliance Bancorporation (WAL), reportó múltiples transacciones en las acciones ordinarias del emisor el 15/09/2025. El informe muestra RSU liquidadas en efectivo que vencen y se registran como equivalentes económicos de acciones, compras rutinarias mediante vesting y ventas correspondientes a un precio reportado de 89,05 dólares por acción. Tras la actividad reportada, Vecchione posee de forma beneficiosa directamente 447.611 acciones, además de participaciones indirectas que incluyen 1.950 acciones en un 401(k) y 750 en un UTMA para su hija; las RSU pagadas en efectivo registraron un total de 9.175 y 12.667 equivalentes de acciones subyacentes en Box II. La presentación indica un vesting mensual planificado para dos tramos de RSU hasta febrero de 2027 y febrero de 2028.
Kenneth Vecchione은 Western Alliance Bancorporation(WAL)의 회장 겸 최고경영자이자 이사로서 2025년 9월 15일에 발행사의 보통주에 대해 다수의 거래를 보고했습니다. 보고서는 현금으로settle되는 제한 주식 단위가 귀속되어 주식의 경제적 등가물로 기록되고, 귀속을 통한 정기적 매입과 보고된 주당 가격 89.05달러로의 처분이 포함되어 있습니다. 보고된 활동 후 Vecchione은 직접적으로 447,611주를 보유하고 있으며, 간접 보유로 401(k)에서 1,950주, 딸을 위한 UTMA에 750주가 포함됩니다. 현금 settlement RSU는 총 9,175주와 12,667주의 기초 주식 등가물을 Box II에 기록했습니다. 제출서는 2027년 2월과 2028년 2월까지 두 RSU 트랜치의 월별 현금 귀속이 예정되어 있음을 명시하고 있습니다.
Kenneth Vecchione, président et directeur général ainsi qu'administrateur de Western Alliance Bancorporation (WAL), a signalé plusieurs transactions sur les actions ordinaires de l'émetteur le 15/09/2025. Le rapport montre des unités d'actions restreintes réglées en cash qui se vencent et sont enregistrées comme des équivalents économiques des actions, des achats routiniers par acquisition et des cessions correspondantes à un prix déclaré de 89,05 dollars par action. Suite à l'activité signalée, Vecchione détient directement 447 611 actions et dispose également d'importantes participations indirectes comprenant 1 950 actions dans un 401(k) et 750 détenues dans un UTMA pour sa fille; les RSU réglées en cash enregistrent au total 9 175 et 12 667 équivalents d'actions sous-jacentes dans Box II. Le dépôt note un vesting mensuel prévu pour deux tranches de RSU jusqu'en février 2027 et février 2028.
Kenneth Vecchione, Präsident und CEO und Direktor der Western Alliance Bancorporation (WAL), meldete am 15.09.2025 mehrere Transaktionen in den Stamaktien des Emittenten. Der Bericht zeigt cash-gezahlte Restricted Stock Units, die reifen und als wirtschaftliche Äquivalente von Aktien erfasst werden, routinemäßige Käufe durch Vesting und entsprechende Veräußerungen zu einem berichteten Preis von 89,05 USD pro Aktie. Nach der gemeldeten Aktivität besitzt Vecchione direkt 447.611 Aktien und weitere indirekte Beteiligungen, darunter 1.950 Aktien in einem 401(k) und 750 in einem UTMA für seine Tochter; cash-settled RSUs verzeichneten insgesamt 9.175 und 12.667 zugrunde liegende Aktienäquivalente in Box II. Die Einreichung vermerkt monatliches Cash-Vesting für zwei RSU-Tranchen bis Februar 2027 und Februar 2028.
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*
Vecchione Kenneth

(Last) (First) (Middle)
C/O WESTERN ALLIANCE BANCORPORATION
ONE E. WASHINGTON STREET, STE 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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
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 09/15/2025 M 539(1) A $0(2) 448,150 D
Common Stock 09/15/2025 D 539 D $89.05 447,611 D
Common Stock 09/15/2025 M 437(3) A $0(2) 448,048 D
Common Stock 09/15/2025 D 437 D $89.05 447,611 D
Common Stock 1,950(4) I 401K Plan
Common Stock 750 I Darcy Vecchione UTMA (daughter)
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) 09/15/2025 M 539 (1) (1) Common Stock 539 (2) 9,175 D
Cash Settled Restricted Stock Units (2) 09/15/2025 M 437 (3) (3) Common Stock 437 (2) 12,667 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.
4. Reflects shares held in the 401K Plan to include employer match as of 09/04/2025.
Remarks:
/s/Jessica Jarvi (Attorney-in-fact) 09/17/2025
** 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.
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