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[Form 4] Western Alliance Bancorporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

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.

Barbara Kennedy, Chief Human Resources Officer di Western Alliance Bancorporation (WAL), ha riportato transazioni datate 08/15/2025. La comunicazione indica attribuzioni e maturazioni in contanti di restricted stock units (RSU) e contestuali cessioni di azioni ordinarie a $82.55 per azione. Il modulo Form 4 elenca acquisizioni (codice M) di 101 e 74 unità RSU (valutate a $0) e disposizioni (codice D) di 101 e 74 azioni ordinarie a $82.55 ciascuna. A seguito delle operazioni, la Sig.ra Kennedy possiede direttamente beneficiariamente 8.753 azioni ordinarie e indirettamente 22.797 azioni tramite il Kennedy Family Trust. Le RSU sono soggette a vesting mensile su programmi di 36 mesi a partire da marzo 2024 e marzo 2025, e ciascuna unità rappresenta l'equivalente economico di una azione.

Barbara Kennedy, Chief Human Resources Officer de Western Alliance Bancorporation (WAL), informó transacciones con fecha 08/15/2025. La presentación muestra unidades restringidas de acciones (RSU) concedidas y devengadas liquidadas en efectivo y disposiciones simultáneas de acciones ordinarias a $82.55 por acción. El Formulario 4 enumera adquisiciones (código M) de 101 y 74 unidades RSU (valorizadas en $0) y disposiciones (código D) de 101 y 74 acciones ordinarias a $82.55 cada una. Tras las transacciones, la Sra. Kennedy posee beneficiariamente de forma directa 8.753 acciones ordinarias e indirectamente 22.797 acciones a través del Kennedy Family Trust. Las adjudicaciones de RSU se adquieren mensualmente durante planes de 36 meses que comienzan en marzo de 2024 y marzo de 2025, y cada unidad equivale económicamente a una acción.

Barbara Kennedy, Western Alliance Bancorporation(WAL)� 최고인사책임�(Chief Human Resources Officer),� 08/15/2025� 거래� 보고했습니다. 제출서류에는 현금으로 정산되는 restricted stock units(RSU)� 부� � 성숙� 동시� 보통� 처분� 주당 $82.55� 이루어졌음이 표시되어 있습니다. Form 4에는 인수(코드 M)� 10174 RSU 단위(가� $0)와 처분(코드 D)으로 10174 보통주가 � $82.55� 기재되어 있습니다. 거래 이후 케네디 여사� 직접적으로는 8,753 보통주를 실질 소유하고 있으�, Kennedy Family Trust� 통해 간접적으� 22,797주를 소유하고 있습니다. RSU 수여분은 2024� 3월과 2025� 3월에 시작되는 36개월 일정� 따라 월별� 베스팅되�, � 단위� � 주와 동일� 경제� 효력� 가집니�.

Barbara Kennedy, Chief Human Resources Officer de Western Alliance Bancorporation (WAL), a déclaré des transactions datées du 08/15/2025. Le dossier montre des restricted stock units (RSU) attribuées et devenues exigibles réglées en espèces et des cessions simultanées d'actions ordinaires à 82,55 $ par action. Le formulaire Form 4 indique des acquisitions (code M) de 101 et 74 unités RSU (au prix de 0 $) et des cessions (code D) de 101 et 74 actions ordinaires à 82,55 $ chacune. À la suite des transactions, Mme Kennedy détient directement à titre bénéficiaire 8 753 actions ordinaires et indirectement 22 797 actions via le Kennedy Family Trust. Les attributions de RSU acquièrent mensuellement selon des calendriers de 36 mois commençant en mars 2024 et mars 2025, et chaque unité équivaut économiquement à une action.

Barbara Kennedy, Chief Human Resources Officer von Western Alliance Bancorporation (WAL), meldete Transaktionen datiert 08/15/2025. Die Einreichung zeigt gewährte und fällig gewordene cash-abgerechnete Restricted Stock Units (RSU) sowie gleichzeitige Veräußerungen von Stammaktien zum Preis von $82.55 je Aktie. Das Formblatt Form 4 listet Erwerbe (Code M) von 101 und 74 RSU-Einheiten (bewertet mit $0) und Veräußerungen (Code D) von 101 und 74 Stammaktien zu je $82.55 auf. Nach den Transaktionen besitzt Frau Kennedy unmittelbar wirtschaftlich 8.753 Stammaktien und indirekt 22.797 Aktien über den Kennedy Family Trust. Die RSU-Zuweisungen vesten monatlich über 36-monatige Zeitpläne beginnend im März 2024 und März 2025, wobei jede Einheit dem wirtschaftlichen Gegenwert einer Aktie entspricht.

Positive
  • Retention-focused compensation: RSUs vest monthly over 36 months, supporting long-term alignment with shareholders
  • Transparency in ownership: Filing discloses both direct holdings (8,753 shares) and indirect trust holdings (22,797 shares)
Negative
  • Share disposals: Dispositions of 101 and 74 common shares at $82.55 reduce direct holdings
  • Cash-settled structure: RSUs payable solely in cash provide economic exposure but not additional voting stock

Insights

TL;DR: Routine insider compensation and small share dispositions; no material change to control or ownership.

The transactions consist of cash-settled RSU awards and modest open-market disposals executed at $82.55 per share. The RSUs vest monthly over multi-year schedules, indicating a retention-focused compensation structure rather than a one-time payout. Direct holdings after the report remain 8,753 shares while significant indirect ownership resides in the family trust (22,797), preserving aligned economic interest. The size and nature of these transactions suggest routine insider activity, not a material corporate event.

TL;DR: Compensation-related grant with standard vesting; disclosure aligns with Section 16 requirements.

The filing documents both grant-type entries (cash-settled RSUs) and share disposals, and provides explicit vesting schedules (1/36th monthly over 36 months for two separate award vintages). This structure supports retention and ongoing alignment between executive and shareholder interests. Reporting includes direct and indirect beneficial ownership and a trustee-held family trust, meeting transparency expectations for insider filings. There are no indications of irregular governance actions or control shifts in the disclosed information.

Barbara Kennedy, Chief Human Resources Officer di Western Alliance Bancorporation (WAL), ha riportato transazioni datate 08/15/2025. La comunicazione indica attribuzioni e maturazioni in contanti di restricted stock units (RSU) e contestuali cessioni di azioni ordinarie a $82.55 per azione. Il modulo Form 4 elenca acquisizioni (codice M) di 101 e 74 unità RSU (valutate a $0) e disposizioni (codice D) di 101 e 74 azioni ordinarie a $82.55 ciascuna. A seguito delle operazioni, la Sig.ra Kennedy possiede direttamente beneficiariamente 8.753 azioni ordinarie e indirettamente 22.797 azioni tramite il Kennedy Family Trust. Le RSU sono soggette a vesting mensile su programmi di 36 mesi a partire da marzo 2024 e marzo 2025, e ciascuna unità rappresenta l'equivalente economico di una azione.

Barbara Kennedy, Chief Human Resources Officer de Western Alliance Bancorporation (WAL), informó transacciones con fecha 08/15/2025. La presentación muestra unidades restringidas de acciones (RSU) concedidas y devengadas liquidadas en efectivo y disposiciones simultáneas de acciones ordinarias a $82.55 por acción. El Formulario 4 enumera adquisiciones (código M) de 101 y 74 unidades RSU (valorizadas en $0) y disposiciones (código D) de 101 y 74 acciones ordinarias a $82.55 cada una. Tras las transacciones, la Sra. Kennedy posee beneficiariamente de forma directa 8.753 acciones ordinarias e indirectamente 22.797 acciones a través del Kennedy Family Trust. Las adjudicaciones de RSU se adquieren mensualmente durante planes de 36 meses que comienzan en marzo de 2024 y marzo de 2025, y cada unidad equivale económicamente a una acción.

Barbara Kennedy, Western Alliance Bancorporation(WAL)� 최고인사책임�(Chief Human Resources Officer),� 08/15/2025� 거래� 보고했습니다. 제출서류에는 현금으로 정산되는 restricted stock units(RSU)� 부� � 성숙� 동시� 보통� 처분� 주당 $82.55� 이루어졌음이 표시되어 있습니다. Form 4에는 인수(코드 M)� 10174 RSU 단위(가� $0)와 처분(코드 D)으로 10174 보통주가 � $82.55� 기재되어 있습니다. 거래 이후 케네디 여사� 직접적으로는 8,753 보통주를 실질 소유하고 있으�, Kennedy Family Trust� 통해 간접적으� 22,797주를 소유하고 있습니다. RSU 수여분은 2024� 3월과 2025� 3월에 시작되는 36개월 일정� 따라 월별� 베스팅되�, � 단위� � 주와 동일� 경제� 효력� 가집니�.

Barbara Kennedy, Chief Human Resources Officer de Western Alliance Bancorporation (WAL), a déclaré des transactions datées du 08/15/2025. Le dossier montre des restricted stock units (RSU) attribuées et devenues exigibles réglées en espèces et des cessions simultanées d'actions ordinaires à 82,55 $ par action. Le formulaire Form 4 indique des acquisitions (code M) de 101 et 74 unités RSU (au prix de 0 $) et des cessions (code D) de 101 et 74 actions ordinaires à 82,55 $ chacune. À la suite des transactions, Mme Kennedy détient directement à titre bénéficiaire 8 753 actions ordinaires et indirectement 22 797 actions via le Kennedy Family Trust. Les attributions de RSU acquièrent mensuellement selon des calendriers de 36 mois commençant en mars 2024 et mars 2025, et chaque unité équivaut économiquement à une action.

Barbara Kennedy, Chief Human Resources Officer von Western Alliance Bancorporation (WAL), meldete Transaktionen datiert 08/15/2025. Die Einreichung zeigt gewährte und fällig gewordene cash-abgerechnete Restricted Stock Units (RSU) sowie gleichzeitige Veräußerungen von Stammaktien zum Preis von $82.55 je Aktie. Das Formblatt Form 4 listet Erwerbe (Code M) von 101 und 74 RSU-Einheiten (bewertet mit $0) und Veräußerungen (Code D) von 101 und 74 Stammaktien zu je $82.55 auf. Nach den Transaktionen besitzt Frau Kennedy unmittelbar wirtschaftlich 8.753 Stammaktien und indirekt 22.797 Aktien über den Kennedy Family Trust. Die RSU-Zuweisungen vesten monatlich über 36-monatige Zeitpläne beginnend im März 2024 und März 2025, wobei jede Einheit dem wirtschaftlichen Gegenwert einer Aktie entspricht.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kennedy Barbara

(Last) (First) (Middle)
ONE E. WASHINGTON ST., SUITE 1400

(Street)
PHOENIX AZ 85004

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESTERN ALLIANCE BANCORPORATION [ WAL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Human Resources Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2025 M 101(1) A $0(2) 8,854 D
Common Stock 08/15/2025 D 101 D $82.55 8,753 D
Common Stock 08/15/2025 M 74(3) A $0(2) 8,827 D
Common Stock 08/15/2025 D 74 D $82.55 8,753 D
Common Stock 22,797 I Barbara and Ted Kennedy TTEE Kennedy Family Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Cash Settled Restricted Stock Units (2) 08/15/2025 M 101 (1) (1) Common Stock 101 (2) 1,806 D
Cash Settled Restricted Stock Units (2) 08/15/2025 M 74 (3) (3) Common Stock 74 (2) 2,205 D
Explanation of Responses:
1. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.
2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
3. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.
Remarks:
/s/Jessica Jarvi (Attorney-in-fact) 08/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Barbara Kennedy (WAL) report on Form 4 dated 08/15/2025?

The filing reports acquisitions of cash-settled RSUs (101 and 74 units) and disposals of 101 and 74 common shares, each disposed at $82.55 per share.

How many WAL shares does Barbara Kennedy beneficially own after the reported transactions?

Following the reported transactions Ms. Kennedy directly beneficially owns 8,753 shares and indirectly owns 22,797 shares through the Kennedy Family Trust.

What are the vesting terms of the RSUs reported in the Form 4 for WAL?

One RSU award vests 1/36th monthly from March 2024 through February 2027; the other vests 1/36th monthly from March 2025 through February 2028.

Are the RSUs payable in stock or cash according to the filing?

The filing states the units are cash-settled and payable solely in cash, with each unit being the economic equivalent of one share of common stock.

Does this Form 4 indicate a change in control or material corporate event at WAL?

No. The Form 4 discloses routine compensation awards and modest disposals by an officer and does not indicate any change in control or other material corporate event.
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