Invesco Reports 4.7% Stake in Western Alliance Bancorp

Invesco Ltd. filed an amendment on Schedule 13G/A reporting beneficial ownership of 5,218,914 shares of Western Alliance Bancorp common stock, representing 4.7% of the class.

Rhea-AI Filing Summary

Invesco Ltd. filed an amendment on Schedule 13G/A reporting beneficial ownership of 5,218,914 shares of Western Alliance Bancorp common stock, representing 4.7% of the class. The filing shows sole voting power for 5,171,823 shares and sole dispositive power for 5,218,914 shares. The schedule lists advisor subsidiaries (Invesco Advisers, Inc.; Invesco Asset Management Limited; Invesco Investment Advisers LLC; Invesco Capital Management LLC) as relevant. The signature is dated 05/06/2026.

Insights

Institutional Ownership Analyst

Invesco reports a sub‑5% passive stake in Western Alliance Bancorp.

The amendment to Schedule 13G/A shows 5,218,914 shares beneficially owned, equal to 4.7% of the class. The filing attributes voting and dispositive powers largely to Invesco in a custodial/advisory capacity.

Because the stake is under 5%, the position is recorded consistent with passive/investment adviser reporting; subsequent filings would disclose any change above the reporting threshold.

Key Figures

Shares beneficially owned: 5,218,914 shares Percent of class: 4.7% Sole voting power: 5,171,823 shares +2 more

5 metrics

Shares beneficially owned 5,218,914 shares Amount beneficially owned reported by Invesco Ltd.

Percent of class 4.7% Percent of common stock represented by the reported holdings

Sole voting power 5,171,823 shares Shares for which Invesco Ltd. has sole power to vote

CUSIP 957638109 CUSIP number for Western Alliance Bancorp common stock

Signature date 05/06/2026 Date the amendment was signed by Global Head of Compliance

Key Terms

Schedule 13G/A, beneficially own, sole dispositive power, parent holding company

4 terms

Schedule 13G/A regulatory

"Amendment on Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially own financial

"may be deemed to beneficially own 5,218,914 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 5,218,914"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

parent holding company financial

"Invesco Ltd., in its capacity as a parent holding company"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Invesco Ltd. report in Western Alliance Bancorp (WAL)?

Invesco Ltd. reports beneficial ownership of 5,218,914 shares, representing 4.7% of Western Alliance Bancorp's common stock. The filing attributes sole dispositive power over 5,218,914 shares and sole voting power over 5,171,823 shares.

Which Invesco entities are identified in the Schedule 13G/A for WAL?

The filing lists advisor subsidiaries: Invesco Advisers, Inc., Invesco Asset Management Limited, Invesco Investment Advisers LLC, and Invesco Capital Management LLC. These entities are named as relevant subsidiaries tied to the parent's holdings.

Does the Schedule 13G/A indicate Invesco controls Western Alliance Bancorp?

No. The filing reports beneficial ownership below 5%, which is consistent with passive reporting. It lists voting and dispositive powers held in an advisory/record capacity, not corporate control or a controlling stake.

What dates are shown in the filing for WAL ownership disclosure?

The document header references 03/31/2026 and the signature is dated 05/06/2026. These dates relate to the amended Schedule 13G/A filing and the signature by Invesco's Global Head of Compliance.

How does this filing affect future SEC reporting obligations for Invesco on WAL?

Because the reported stake is 4.7%, Invesco remains below the 5% Schedule 13D threshold; increases above specified thresholds would trigger different disclosure requirements and potentially Schedule 13D filing obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/06/2026 - 05:43 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Western Alliance Bancorp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

957638109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 957638109

1

Names of Reporting Persons

Invesco Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,171,823.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,218,914.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,218,914.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

HC, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Western Alliance Bancorp
(b)	Address of issuer's principal executive offices: 1 East Washington Street, Suite 1400, Phoenix, AZ 85004
Item 2.
(a)	Name of person filing: Invesco Ltd. ("Invesco Ltd.")
(b)	Address or principal business office or, if none, residence: 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
(c)	Citizenship: Bermuda
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 957638109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 5,218,914 shares of the Issuer which are held of record by clients of Invesco Ltd.
(b)	Percent of class: 4.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,171,823
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,218,914
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Invesco Advisers, Inc. Invesco Asset Management Limited Invesco Investment Advisers LLC Invesco Capital Management LLC
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Invesco Ltd.

Signature:	Robert R. Leveille
Name/Title:	Global Head of Compliance
Date:	05/06/2026