Kenneth Vecchione boosts stake with stock and RSUs at Western Alliance Bancorporation (WAL)

Rhea-AI Filing Summary

Western Alliance Bancorporation President and CEO Kenneth Vecchione reported awards of common stock and cash-settled restricted stock units dated February 5, 2026. He acquired 14,269 shares of common stock at a stated price of $0, bringing his directly held common stock to 461,880 shares.

He also received 21,402 cash-settled restricted stock units, each economically equivalent to one share of common stock. These units vest and are payable solely in cash, with 1/36th vesting on the 15th of each month from March 2026 through February 2029. Additional indirect holdings include common stock in a 401(k) plan and an UTMA account for his daughter.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Vecchione Kenneth

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Cash Settled Restricted Stock Units	21,402	$0.00	--
Grant/Award	Common Stock	14,269	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 21,402 shares (Direct); Common Stock — 461,880 shares (Direct); Common Stock — 1,950 shares (Indirect, 401K Plan)

Footnotes (1)

1. Reflects shares held in the 401K Plan to include employer match as of 2/5/2026. 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 2026 and ending February 2029.

Form 4 Insider Transactions: What Each Field Means →

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)
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		14,269	A	$0	461,880	D
Common Stock								1,950(1)	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)	02/05/2026		A		21,402		(3)	(3)	Common Stock	21,402	(2)	21,402	D

Explanation of Responses:

1. Reflects shares held in the 401K Plan to include employer match as of 2/5/2026.

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 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 CEO Kenneth Vecchione report on February 5, 2026?

Kenneth Vecchione reported receiving 14,269 shares of Western Alliance Bancorporation common stock at a stated price of $0. After this award, he directly held 461,880 common shares, reflecting an increase in his equity-based exposure to the company.

How many restricted stock units did WAL CEO Kenneth Vecchione receive?

He received 21,402 cash-settled restricted stock units, each economically equivalent to one share of Western Alliance Bancorporation common stock. These units do not settle in stock; they pay out in cash based on the underlying share value.

What is the vesting schedule for Kenneth Vecchione’s new restricted stock units at WAL?

The 21,402 cash-settled restricted stock units vest 1/36th each month on the 15th, from March 2026 through February 2029. As they vest, they become payable solely in cash rather than stock delivery.

How many Western Alliance Bancorporation shares does Kenneth Vecchione hold directly after this filing?

After the reported stock award, Kenneth Vecchione directly holds 461,880 shares of Western Alliance Bancorporation common stock. This figure reflects his direct ownership position following the February 5, 2026 equity grant.

What indirect Western Alliance Bancorporation holdings are associated with Kenneth Vecchione?

Indirect holdings include 1,950 shares of common stock in a 401(k) plan and 750 shares in a Darcy Vecchione UTMA account. The 401(k) amount reflects shares including employer match as of February 5, 2026.

Are Kenneth Vecchione’s new restricted stock units at WAL settled in stock or cash?

The 21,402 restricted stock units are cash-settled and payable solely in cash, not in shares. Each unit is economically equivalent to one share of Western Alliance Bancorporation common stock, aligning payouts with the share price.