Western Alliance CLO reports stock unit vesting
Western Alliance Bancorporation’s CLO & Secretary Jessica H. Jarvi reported multiple equity award transactions on July 15, 2026.
Rhea-AI Filing Summary
Western Alliance Bancorporation’s CLO & Secretary Jessica H. Jarvi reported multiple equity award transactions on July 15, 2026. She recorded exercises/conversions of 168 cash-settled restricted stock units that are each economically equivalent to one share of common stock, alongside matching dispositions of common shares back to the issuer at $81.79 per share. After these transactions, she directly holds 13,707 shares of common stock and indirectly holds 2,074 shares through the WAL 401(k) Plan, which includes employer match as of July 9, 2026. The cash-settled units vest monthly and are payable solely in cash under schedules extending through February 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
168 shares exercised/converted
Exercise
10 txns
Insider
Jarvi Jessica H
Role
CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash Settled Restricted Stock Units F2, F1 | 58 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F3 | 46 | -- | -- |
| Exercise | Cash Settled Restricted Stock Units F2, F4 | 64 | -- | -- |
| Exercise | Common Stock F1, F2 | 58 | $0.00 | $0.00 |
| Disposition | Common Stock | 58 | $81.79 | $5K |
| Exercise | Common Stock F3, F2 | 46 | $0.00 | $0.00 |
| Disposition | Common Stock | 46 | $81.79 | $4K |
| Exercise | Common Stock F4, F2 | 64 | $0.00 | $0.00 |
| Disposition | Common Stock | 64 | $81.79 | $5K |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Cash Settled Restricted Stock Units — 3,247 contracts (Direct);
Common Stock — 13,707 shares (Direct);
Common Stock — 2,074 shares (Indirect, WAL 401(k))
Footnotes (5)
- 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.
- F5. Reflects shares held in the 401K Plan to include employer match as of 7/9/2026.
Key Figures
Direct common shares held: 13,707 shares
Indirect 401(k) shares: 2,074 shares
Cash-settled RSUs exercised: 168 units
+2 more
5 metrics
Direct common shares held
13,707 shares
Direct Western Alliance common stock holdings following transactions on 2026-07-15
Indirect 401(k) shares
2,074 shares
Shares held in WAL 401(k) Plan, including employer match, as of 7/9/2026
Cash-settled RSUs exercised
168 units
Total cash-settled restricted stock units exercised/converted on 2026-07-15
Disposition price
$81.79 per share
Price for dispositions of common stock to issuer on 2026-07-15
Remaining RSUs (2026–2029 grant)
1,985 units
Cash-settled restricted stock units remaining after transactions for grant vesting 2026–2029
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent, Rule 10b5-1
4 terms
Cash Settled Restricted Stock Units financial
"The security title is listed as "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.
Disposition to issuer financial
"Transaction code D is described as "Disposition to issuer"."
economic equivalent financial
"Each unit is the economic equivalent of one share of common stock."
Rule 10b5-1 financial
"The Rule 10b5-1 checkbox is not selected for these transactions."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did WAL’s Jessica H. Jarvi report in this Form 4?
Jessica H. Jarvi reported exercises/conversions of 168 cash-settled restricted stock units that are economically equivalent to common stock, along with matching dispositions of common shares back to the issuer at $81.79 per share on July 15, 2026.
What are the cash-settled restricted stock units reported in WAL’s Form 4?
The filing describes cash-settled restricted stock units where each unit is the economic equivalent of one share of Western Alliance common stock. These units vest monthly and are payable solely in cash under schedules running from March 2024 through February 2029.
Were Jessica Jarvi’s WAL transactions made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox for this Form 4 is not selected, indicating the reported transactions were not affirmed as being made pursuant to a Rule 10b5-1 trading plan or other pre-arranged trading arrangement on the face of this filing.
What price was used for Jessica Jarvi’s dispositions of WAL common stock?
The reported dispositions of Western Alliance common stock back to the issuer were executed at a price of $81.79 per share. Each relevant non-derivative transaction on July 15, 2026, lists $81.79 as the per-share transaction price.
How do the WAL 401(k) holdings factor into Jessica Jarvi’s ownership?
The Form 4 shows 2,074 shares held indirectly in the WAL 401(k) Plan, including employer match, as of July 9, 2026. These are reported as indirect ownership, separate from her directly held 13,707 common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
