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Western Alliance Bancorporation (WAL) Form 4 summary: Lynne Herndon, Chief Credit Officer and officer of Western Alliance, reported transactions dated 08/15/2025 involving both acquisitions and dispositions of common stock and vested cash-settled restricted stock units. The filing shows acquisitions under plan codes referenced as 35 and 22 that are cash-settled restricted stock units which vest monthly over multi-year schedules. Separate dispositions on the same date reflect sales at $82.55 per share. After the reported transactions the filing shows Ms. Herndon beneficially owned 1,359 shares of common stock. The explanatory notes state the two classes of units vest 1/36th monthly beginning March 2024 (ending Feb 2027) and March 2025 (ending Feb 2028) and that each unit is the economic equivalent of one share.

Stephen Russell Curley, Chief Banking Officer at Western Alliance Bancorporation (WAL), reported trades on 08/15/2025 reflecting routine vesting and partial sale of equity-linked compensation. Several cash-settled restricted stock units (RSUs) vested and were reported as acquisitions at $0 per unit because they are compensation awards, while separate sale transactions were executed at $82.55 per share.

The filing shows monthly-vesting cash-settled RSUs from two grant schedules: one that began March 2024 and vests monthly through February 2027, and another that began March 2025 and vests monthly through February 2028. After the reported transactions the beneficial ownership of common stock is shown as 37,739 shares (direct ownership). The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/18/2025.

Insider transactions by Tim R. Bruckner, CBO for Regional Banking at Western Alliance Bancorporation (WAL). The Form 4 shows multiple transactions on 08/15/2025 involving common stock and cash-settled restricted stock units (RSUs). The filing reports cash-settled RSUs being recognized as acquisitions (158 and 115 units) that are economically equivalent to shares and vest monthly through February 2027 and February 2028 respectively. Reported open-market disposals occurred at a sale price of $82.55, reducing the reported direct holdings to 24,759 shares after the trades. The form is signed by an attorney-in-fact on behalf of the reporting person.

Western Alliance Bancorporation (WAL) Form 4 shows transactions by Vice Chairman and CFO Dale Gibbons on 08/15/2025. The filing records cash-settled restricted stock unit vesting events and open-market sales. A total of 285 RSUs (economic equivalent of 285 shares) vested under a 2024 grant and 212 RSUs vested under a 2025 grant; these vested units are payable in cash and represent 5,122 and 6,343 underlying share equivalents respectively. Separate open-market sales occurred at $82.55 per share, reducing direct beneficial ownership to 296,358 shares. The reporting also notes 296,643 and 296,570 share counts shown after certain acquisitions before the sales, and shares held in the company 401(k) plan that are included in indirect ownership.

Emily Nachlas, Chief Risk Officer at Western Alliance Bancorporation (WAL), reported insider transactions dated 08/15/2025. The Form 4 shows a sequence of non-derivative and derivative entries: certain units were reported as acquired via vesting (code M) and then disposed (code D) at $82.55 per share. Following the reported trades, Ms. Nachlas beneficially owns 14,671 shares of common stock. The filing also reports cash-settled restricted stock units (RSUs) with post-transaction holdings of 1,293 and 1,585 units respectively.

The form includes explanations that the M-coded units vest and are payable solely in cash on a monthly schedule: one tranche vests 1/36th monthly from March 2024 through February 2027 and another vests 1/36th monthly from March 2025 through February 2028. The filing is signed by an attorney-in-fact on 08/18/2025.

Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation (WAL), reported transactions dated 08/15/2025. The filing shows awarded and vested cash-settled restricted stock units (RSUs) and contemporaneous dispositions of common stock at $82.55 per share. The Form 4 lists acquisitions (code M) of 101 and 74 RSU units (priced at $0) and disposals (code D) of 101 and 74 common shares at $82.55 each. Following the transactions, Ms. Kennedy directly beneficially owns 8,753 common shares and indirectly owns 22,797 shares through the Kennedy Family Trust. The RSU awards vest monthly over 36-month schedules beginning March 2024 and March 2025, and each unit is the economic equivalent of one share.

Jessica H. Jarvi, Chief Legal Officer & Secretary of Western Alliance Bancorporation (WAL) reported a series of non-derivative and derivative transactions in company common stock on 08/15/2025. The report shows multiple acquisitions from cash-settled restricted stock units that vest monthly and are paid in cash: 58 units (economic equivalent to shares) from a grant vesting March 2024鈥揊ebruary 2027 and 46 units from a grant vesting March 2025鈥揊ebruary 2028. Concurrently, Jarvi sold shares at $82.55 per share, reducing direct beneficial ownership to 12,457 shares. She also holds 2,074 shares indirectly in the WAL 401(k) and reported 1,027 and 1,379 units from the cash-settled RSU grants as derivative holdings.

Timothy W. Boothe, identified as an officer (Chief Administration Officer) and a director of Western Alliance Bancorporation (WAL), reported multiple transactions on 08/15/2025. The filing shows sales of common stock at $82.55 that reduced his reported direct holdings to 63,202 shares. Concurrently, Boothe was recorded as receiving cash-settled restricted stock units that are the economic equivalent of common shares and vest in monthly installments over multi-year schedules. The report lists 1,749 and 2,069 cash-settled RSUs (total 3,818) with stated vesting schedules beginning March 2024 and March 2025, respectively. The filing also notes 325 shares held indirectly by spouse Alvina Boothe.

Schedule 13G/A disclosure by T. Rowe Price Associates reports a meaningful passive stake in Western Alliance Bancorp common stock. The filer reports beneficial ownership of 6,315,145 shares, representing 5.7% of the class, with sole voting power over 6,234,004 shares and sole dispositive power over 6,315,145 shares. The filing states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

The statement also includes a declaration that the filing should not be construed as an admission of beneficial ownership. This is a routine institutional disclosure that documents a >5% position and the specific voting and dispositive powers reported by the investment adviser.