Welcome to our dedicated page for WESTERN ALLIANCE BANCORPORATION SEC filings (Ticker: WAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Western Alliance Bancorporation, through its banking subsidiary Western Alliance Bank, issued $400,000,000 of 6.537% Fixed Rate Reset Subordinated Notes due November 15, 2035. The notes were sold at 100% of principal, providing the bank with approximately $397,200,000 in proceeds after discounts and commissions, to be used for general corporate purposes, including supporting growth and potentially repaying or redeeming existing securities. The notes are intended to qualify as Tier 2 regulatory capital.
The notes pay a fixed 6.537% annual interest rate until November 15, 2030, then reset to the five-year U.S. Treasury rate plus 285 basis points until maturity, with interest payable semi-annually each May 15 and November 15. They are redeemable at par on November 15, 2030, and on or after August 15, 2035, and also upon certain tax, capital, or investment company events. The notes are unsecured, subordinated obligations, ranking below deposits and other senior indebtedness, and were offered only to institutional accredited investors under a Securities Act exemption.
Western Alliance Bancorporation, through its banking subsidiary Western Alliance Bank, has priced $400,000,000 of 6.537% Fixed Rate Reset Subordinated Notes due 2035. These notes are being issued in a transaction exempt from registration under Section 3(a)(2) of the Securities Act and are expected to settle on November 24, 2025, subject to customary closing conditions.
The bank plans to use the net proceeds for general corporate purposes, which may include supporting growth and repaying, redeeming or repurchasing existing securities. The notes are intended to qualify as Tier 2 capital for regulatory purposes and are obligations solely of Western Alliance Bank, with no guarantee from Western Alliance Bancorporation or other affiliates.
Western Alliance Bancorporation (WAL) reported insider activity by its Vice Chairman and CFO on a Form 4. On 11/15/2025, the executive reported multiple transactions in common stock and related cash-settled restricted stock units. The filing shows stock option-style transactions coded "M" for 285 and 212 cash-settled restricted stock units at an exercise price of $0, paired with dispositions of 285 and 212 common shares at $78.17 per share. After these transactions, the executive directly owned 300,358 common shares and indirectly held 612 shares through a 401K Plan as of mid-November 2025. The derivative holdings section shows remaining balances of 4,267 and 5,707 cash-settled restricted stock units that are economically equivalent to WAL common stock.
Western Alliance Bancorporation reported insider activity by its Chief Credit Officer on a Form 4 for transactions dated 11/15/2025. The officer exercised cash-settled restricted stock units economically equivalent to 35 and 22 shares of common stock at an exercise price of $0, then disposed of 35 and 22 common shares at $78.17 per share. Following these transactions, the officer beneficially owned 1,359 shares of Western Alliance common stock directly. The filing also notes remaining cash-settled restricted stock units, which vest monthly on the 15th day from March 2024 through February 2027 and from March 2025 through February 2028.
Western Alliance Bancorporation’s Chief Risk Officer reported routine equity transactions involving company common stock. On 11/15/2025, previously granted cash-settled restricted stock units that are economically equivalent to common stock were converted into 72 and 53 shares of common stock at an exercise price of $0. On the same date, matching amounts of 72 and 53 common shares were disposed of at a price of $78.17 per share. Following these transactions, the reporting officer beneficially owned 14,671 shares of Western Alliance Bancorporation common stock directly. The restricted stock units vest monthly over multi-year periods ending in February 2027 and February 2028.
Western Alliance Bancorporation (WAL) reported insider transactions by its CBO for Regional Banking. On 11/15/2025, the officer converted cash-settled restricted stock units into 158 and 115 shares of common stock at an exercise price of $0, then sold the same numbers of shares at $78.17 per share. After these trades, the officer directly held 24,759 shares of Western Alliance common stock. The officer also continued to hold cash-settled restricted stock units, including 2,377 units tied to awards vesting from March 2024 through February 2027 and 3,103 units tied to awards vesting from March 2025 through February 2028.
Western Alliance Bancorporation (WAL) reported insider transactions by officer and CLO & Secretary Jessica H. Jarvi on 11/15/2025. She exercised cash-settled restricted stock units into Common Stock in two small lots of 58 and 46 shares at an exercise price of $0 per share, then disposed of the same amounts of common stock at a sale price of $78.17 per share. Following these transactions, she directly held 12,457 shares of common stock and indirectly held 2,074 shares through the WAL 401(k) plan as of mid-November 2025. The derivative table shows remaining cash-settled restricted stock units that vest monthly through February 2027 and February 2028, each unit being the economic equivalent of one WAL common share.
Western Alliance Bancorporation insider activity shows its President and CEO, who is also a director, reporting multiple transactions in common stock and cash-settled restricted stock units on 11/15/2025. He exercised derivative awards coded as transaction type “M” for 539 and 437 cash-settled restricted stock units, each unit being the economic equivalent of one share of common stock and payable solely in cash. On the same date, he disposed of 539 and 437 shares of common stock at a price of $78.17 per share. Following these transactions, he directly owned 447,611 shares of common stock, with additional indirect holdings of 1,950 shares in a 401(k) plan and 750 shares held for a family member under UTMA.
Western Alliance Bancorporation (WAL) reported insider equity transactions by its Chief Administration Officer on 11/15/2025. The officer settled cash-settled restricted stock units into common stock and immediately sold the same number of shares in two small transactions. In each case, 97 and 69 shares of common stock were acquired at $0 per share through unit settlement and then sold at $78.17 per share. After these trades, the officer directly owned 63,202 shares of Western Alliance common stock and indirectly owned 325 shares through a spouse.
Western Alliance Bancorporation (WAL) officer, listed as Chief Banking Officer – NBL, reported several transactions in company stock on 11/15/2025. The filing shows exercises of equity awards (coded “M”) followed by same‑day sales. One set involved 165 shares acquired at an exercise price of $0 and then sold at $78.17, leaving 37,739 common shares directly owned. A second set involved 129 shares acquired at $0 and sold at $78.17, with the direct common share balance again reported as 37,739.
The officer also holds cash-settled restricted stock units, each economically equivalent to one WAL share. After the reported transactions, the filing lists 2,489 and 3,474 such units. One RSU grant vests monthly from March 2024 through February 2027, and another vests monthly from March 2025 through February 2028, with all units payable solely in cash rather than stock.