Western Alliance (NYSE: WAL) CAO receives stock and cash-settled RSUs

Rhea-AI Filing Summary

Western Alliance Bancorporation’s Chief Administration Officer, Timothy W. Boothe, reported new equity-linked awards. On February 5, 2026, he acquired 1,647 shares of common stock at $0 per share, bringing his direct common stock holdings to 64,849 shares. He also received 2,469 cash-settled restricted stock units, each economically equivalent to one share of common stock but payable solely in cash. These units are scheduled to vest in equal monthly installments, with 1/36th vesting on the 15th of each month from March 2026 through February 2029. In addition, 325 common shares are reported as indirectly held through his spouse, Alvina Boothe. No share sales were reported in this filing.

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

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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^*

Boothe Timothy W

(Last) (First) (Middle)

ONE E. WASHINGTON ST., SUITE 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Administration Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/05/2026		A		1,647	A	$0	64,849	D
Common Stock								325	I	Alvina Boothe (spouse)

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	(1)	02/05/2026		A		2,469		(2)	(2)	Common Stock	2,469	(1)	2,469	D

Explanation of Responses:

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

2. 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.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	02/09/2026
	** 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.

FAQ

What insider transaction did WAL executive Timothy W. Boothe report?

Timothy W. Boothe reported acquiring 1,647 shares of Western Alliance common stock at $0 per share. He also reported 2,469 cash-settled restricted stock units, which are tied economically to the stock but settled in cash rather than actual shares.

How many Western Alliance (WAL) shares does Timothy W. Boothe now hold?

After the reported transaction, Timothy W. Boothe directly holds 64,849 shares of Western Alliance common stock. The filing also lists an additional 325 shares as indirectly owned through his spouse, Alvina Boothe, reflecting combined reported beneficial interests.

What are the terms of the cash-settled restricted stock units reported by WAL’s CAO?

Boothe received 2,469 cash-settled restricted stock units, each equal economically to one Western Alliance share. These units vest monthly, with 1/36th vesting on the 15th of each month from March 2026 through February 2029, and are payable solely in cash.

Did the Western Alliance (WAL) insider Form 4 report any stock sales?

The Form 4 reports only acquisitions by Timothy W. Boothe, not sales. He acquired 1,647 Western Alliance common shares at $0 per share and 2,469 cash-settled restricted stock units, increasing his reported beneficial holdings without any disposition of existing shares.

How is Boothe’s spouse’s ownership reported in this Western Alliance Form 4?

The filing lists 325 Western Alliance common shares as indirectly owned by Timothy W. Boothe through his spouse, Alvina Boothe. This indicates those shares are attributed to him for reporting purposes, even though they are held in his spouse’s name.