Western Alliance (NYSE: WAL) CLO logs stock grant and tax-related share disposals

Q: At what price were Western Alliance (WAL) shares disposed of to cover taxes?

Shares were disposed of at a price of $93.20 per share. The Form 4 shows 512, 58, and 46 common shares delivered to the issuer at $93.20 to satisfy tax liability or similar obligations associated with Jarvi’s equity awards.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation chief legal officer and secretary Jessica H. Jarvi reported multiple equity-related transactions. She received a grant of 1,115 shares of common stock, increasing her direct common stock holdings to 13,707 shares after all same-day movements.

Cash-settled restricted stock units economically equivalent to 58 and 46 shares vested; these units are payable solely in cash according to monthly vesting schedules running through February 2027 and February 2028. To cover tax obligations and related items, 512, 58, and 46 common shares were disposed of to the issuer at $93.20 per share. She also reports 2,074 shares held indirectly in a WAL 401(k) plan, including employer match as of February 5, 2026.

Insider Trade Summary

104 shares exercised/converted

Mixed 9 txns

Insider Jarvi Jessica H

Role CLO & Secretary

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	58	$0.00	--
Exercise	Cash Settled Restricted Stock Units	46	$0.00	--
Grant/Award	Common Stock	1,115	$0.00	--
Tax Withholding	Common Stock	512	$93.20	$48K
Exercise	Common Stock	58	$0.00	--
Disposition	Common Stock	58	$93.20	$5K
Exercise	Common Stock	46	$0.00	--
Disposition	Common Stock	46	$93.20	$4K
holding	Common Stock	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 679 shares (Direct); Common Stock — 14,219 shares (Direct); Common Stock — 2,074 shares (Indirect, WAL 401(k))

Footnotes (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. 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 2025 and ending February 2028. Reflects shares held in the 401K Plan to include employer match as of 2/5/2026.

Form 4 Insider Transactions: What Each Field Means →

02/18/2026 - 04:36 PM

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
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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^*

Jarvi Jessica H

(Last)

(First)

(Middle)

1 E. WASHINGTON STREET

SUITE 1400

(Street)

PHOENIX

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)
	CLO & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/15/2026		A		1,115	A	$0	14,219	D
Common Stock	02/15/2026		F		512	D	$93.2	13,707	D
Common Stock	02/15/2026		M		58⁽¹⁾	A	$0⁽²⁾	13,765	D
Common Stock	02/15/2026		D		58	D	$93.2	13,707	D
Common Stock	02/15/2026		M		46⁽³⁾	A	$0⁽²⁾	13,753	D
Common Stock	02/15/2026		D		46	D	$93.2	13,707	D
Common Stock								2,074⁽⁴⁾	I	WAL 401(k)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash Settled Restricted Stock Units	⁽²⁾	02/15/2026		M			58	⁽¹⁾	⁽¹⁾	Common Stock	58	⁽²⁾	679	D
Cash Settled Restricted Stock Units	⁽²⁾	02/15/2026		M			46	⁽³⁾	⁽³⁾	Common Stock	46	⁽²⁾	1,103	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 2/5/2026.

Remarks:

	Jessica H. Jarvi	02/18/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WAL executive Jessica H. Jarvi report on this Form 4?

Jessica H. Jarvi reported a new stock grant and related share dispositions. She received 1,115 shares of Western Alliance common stock, while several smaller blocks of shares were surrendered back to the issuer to satisfy tax and related obligations from equity awards.

How many Western Alliance (WAL) shares does Jessica H. Jarvi own after these transactions?

After the reported transactions, Jarvi directly owns 13,707 common shares. In addition, she reports 2,074 Western Alliance shares held indirectly in a WAL 401(k) plan, a figure that includes employer matching contributions as of February 5, 2026.

What are the cash-settled restricted stock units reported by WAL’s CLO on this Form 4?

The filing reports cash-settled restricted stock units that vest monthly. Each unit is economically equivalent to one share of Western Alliance common stock, but they are payable solely in cash under 36‑month vesting schedules running from March 2024–February 2027 and March 2025–February 2028.

At what price were Western Alliance (WAL) shares disposed of to cover taxes?

Shares were disposed of at a price of $93.20 per share. The Form 4 shows 512, 58, and 46 common shares delivered to the issuer at $93.20 to satisfy tax liability or similar obligations associated with Jarvi’s equity awards.

Does the WAL Form 4 show any indirect holdings for Jessica H. Jarvi?

Yes, the Form 4 discloses indirect ownership through a WAL 401(k) plan. It reports 2,074 Western Alliance common shares held in the 401(k), including employer match, with the balance stated as of February 5, 2026 according to the filing footnote.

How do the WAL restricted stock units vest for Jessica H. Jarvi?

The restricted stock units vest in equal monthly installments over 36 months. One set vests from March 2024 to February 2027, and another from March 2025 to February 2028, with 1/36th of the units vesting and payable solely in cash each month.