Western Alliance (NYSE: WAL) HR chief sells 257 shares back to issuer
Rhea-AI Filing Summary
WESTERN ALLIANCE BANCORPORATION (WAL) reported insider equity compensation activity by Chief Human Resources Officer Barbara Kennedy. On 2026-08-15, Kennedy exercised cash settled restricted stock units economically equivalent to a total of 257 shares of common stock and acquired the same number of common shares at $0.00 per share, then disposed of all 257 shares to the issuer at $82.32 per share. The reported net buy/sell effect of these transactions is neutral, and an indirect holding of 22,797 common shares is reported in the Kennedy Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
257 shares exercised/converted
Exercise
10 txns
Insider
Kennedy Barbara
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 101 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 74 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 82 | -- | -- |
| Exercise | Common Stock F1, F2 | 101 | $0.00 | $0.00 |
| Disposition | Common Stock | 101 | $82.32 | $8K |
| Exercise | Common Stock F3, F2 | 74 | $0.00 | $0.00 |
| Disposition | Common Stock | 74 | $82.32 | $6K |
| Exercise | Common Stock F4, F2 | 82 | $0.00 | $0.00 |
| Disposition | Common Stock | 82 | $82.32 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 4,382 shares (Direct);
Common Stock — 10,332 shares (Direct);
Common Stock — 22,797 shares (Indirect, Barbara and Ted Kennedy TTEE Kennedy Family Trust)
Footnotes (4)
- 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 2024 and ending February 2027.
- F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
- F3. 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.
- F4. 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.
Key Figures
Total share-equivalent units exercised: 257 shares
Disposition price to issuer: $82.32 per share
Shares acquired via exercises at no cost: 257 shares
+2 more
5 metrics
Total share-equivalent units exercised
257 shares
Sum of 101, 74, and 82 underlying common stock equivalents exercised on 2026-08-15
Disposition price to issuer
$82.32 per share
Price for 101, 74, and 82 WAL common shares disposed of to issuer on 2026-08-15
Shares acquired via exercises at no cost
257 shares
Common stock acquired at $0.0000 per share upon RSU-related exercises on 2026-08-15
Indirect holdings in family trust
22,797 shares
Common stock held indirectly by Barbara and Ted Kennedy TTEE Kennedy Family Trust after transactions
Net buy/sell shares
0 shares
Reported net buy/sell effect across all transactions in this Form 4
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, indirect ownership
4 terms
Cash Settled Restricted Stock Units financial
"security_title: Cash Settled Restricted Stock Units"
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"
indirect ownership financial
"ownership_type: indirect via Kennedy Family Trust"
FAQ
What insider transactions did WAL executive Barbara Kennedy report on August 15, 2026?
Barbara Kennedy reported exercising cash settled restricted stock units into 257 WAL common shares and disposing all 257 shares to the issuer at $82.32 per share, resulting in a net neutral buy/sell effect.
Were Barbara Kennedy’s WAL transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan (aff_10b5_one is false). The transactions are reported as equity compensation exercises and dispositions without an associated 10b5-1 plan indication.
What type of awards did WAL’s Barbara Kennedy exercise in this Form 4?
Barbara Kennedy exercised cash settled restricted stock units, each described as the economic equivalent of one share of Western Alliance Bancorporation common stock, with vesting schedules running monthly over specified 36‑month periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.
