Form 4: WAL Executive Reports RSU Vesting and Share Disposition

Western Alliance Bancorporation's CLO & Secretary, Jessica H. Jarvi, reported the vesting of cash-settled restricted stock units and subsequent disposition of common stock.

Summary

• Jessica H. Jarvi, CLO & Secretary of Western Alliance Bancorporation (WAL), reported changes in beneficial ownership.
• On January 15, 2026, 58 shares of Common Stock were acquired at a price of $0, likely due to the vesting of cash-settled restricted stock units.
• Concurrently, 58 shares of Common Stock were disposed of at a price of $89.83 per share on January 15, 2026.
• Additionally, 46 shares of Common Stock were acquired at a price of $0 on January 15, 2026, also likely from RSU vesting.
• An equivalent 46 shares of Common Stock were disposed of at a price of $89.83 per share on January 15, 2026.
• Following these transactions, Jessica H. Jarvi directly owns 12,457 shares of Common Stock.
• An indirect beneficial ownership of 2,074 shares of Common Stock is held in the WAL 401(k) Plan, including employer match as of January 8, 2026.
• The filing also details the vesting of Cash Settled Restricted Stock Units (RSUs): 58 units from a tranche vesting 1/36th monthly from March 2024 to February 2027, and 46 units from a tranche vesting 1/36th monthly from March 2025 to February 2028.
• Each RSU is the economic equivalent of one share of Western Alliance Bancorporation common stock and is payable solely in cash.

Sentiment

Score: 5

Explanation: A routine insider transaction filing (Form 4) reporting the vesting of restricted stock units and subsequent disposition of shares, which is a common occurrence for executive compensation. It is neutral in terms of company performance or outlook.

Positives

• The vesting of restricted stock units represents a realization of compensation for the executive.

Negatives

• The disposition of shares by an insider, even if related to RSU vesting, reduces the executive's direct equity stake in the company.

Future Outlook

This filing is a disclosure of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of an executive's personal stock transactions and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may observe a minor reduction in the direct equity holdings of a key executive, which is a common outcome of RSU vesting and cash settlement.

Key Dates

Keywords

Western Alliance Bancorporation, WAL, Form 4, insider transaction, beneficial ownership, restricted stock units, RSU, executive compensation, share disposition