Barrow Hanley reports 5.86% Western Alliance (WAL) stake as institutional holder

Rhea-AI Filing Summary

Barrow Hanley Global Investors, a Delaware LLC, disclosed beneficial ownership of 6,450,408 shares of Western Alliance Bancorp common stock, representing 5.86% of the class as of 12/31/2025.

The firm reports sole voting power over 4,149,991 shares, shared voting power over 2,300,417 shares, and sole dispositive power over all 6,450,408 shares. It certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Western Alliance Bancorp.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Western Alliance Bancorp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

957638109

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 957638109

1

Names of Reporting Persons

BARROW HANLEY MEWHINNEY & STRAUSS LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,149,991.00
6	Shared Voting Power 2,300,417.00
7	Sole Dispositive Power 6,450,408.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,450,408.00

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)

5.86 %

12

Type of Reporting Person (See Instructions)

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, Arizona, 85004
Item 2.
(a)	Name of person filing: Barrow Hanley Global Investors
(b)	Address or principal business office or, if none, residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201
(c)	Citizenship: Delaware LLC
(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: 6,450,408
(b)	Percent of class: 5.86%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,149,991
	(ii) Shared power to vote or to direct the vote: 2,300,417
	(iii) Sole power to dispose or to direct the disposition of: 6,450,408
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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.

BARROW HANLEY MEWHINNEY & STRAUSS LLC

Signature:	Hannah Ackels
Name/Title:	Hannah Ackels, CCO
Date:	02/11/2026

FAQ

What stake does Barrow Hanley hold in Western Alliance Bancorp (WAL)?

Barrow Hanley Global Investors reports beneficial ownership of 6,450,408 Western Alliance Bancorp common shares, representing 5.86% of the outstanding class as of 12/31/2025. This makes it a significant institutional shareholder in the bank.

How much voting power does Barrow Hanley have in Western Alliance Bancorp (WAL)?

Barrow Hanley reports sole voting power over 4,149,991 shares and shared voting power over 2,300,417 shares of Western Alliance Bancorp common stock. Together, these positions reflect its influence on shareholder votes for this holding.

Is Barrow Hanley investing in Western Alliance Bancorp (WAL) to influence control?

Barrow Hanley certifies the Western Alliance Bancorp shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, aligning with a typical passive institutional ownership stance.

What type of entity is Barrow Hanley in this Western Alliance Bancorp (WAL) disclosure?

Barrow Hanley Global Investors is described as a Delaware limited liability company and an investment adviser under Rule 13d-1(b)(1)(ii)(E), filing as an institutional investor with discretionary authority over Western Alliance Bancorp shares.

Does Barrow Hanley share dispositive power over Western Alliance Bancorp (WAL) shares?

Barrow Hanley reports sole dispositive power over 6,450,408 shares of Western Alliance Bancorp and no shared dispositive power. This means it alone can decide when and how to dispose of these reported shares.

Who signed the Western Alliance Bancorp (WAL) Schedule 13G for Barrow Hanley?

The Schedule 13G related to Western Alliance Bancorp was signed by Hannah Ackels, identified as Chief Compliance Officer (CCO) of Barrow Hanley, on 02/11/2026, certifying the accuracy of the ownership information.