Jarvi Jessica H 4

What Happened
Jessica H. Jarvi, Chief Legal Officer & Secretary of Western Alliance Bancorporation (WAL), received equity awards on February 5, 2026: 1,537 shares granted to her 401(k) account (acquired at $0.00) and 2,305 derivative units (economic equivalents of common shares) granted as an award. The direct shares show $0 cost (employer match), and the 2,305 units are cash-settled (no share price reported).

Key Details

• Transaction date(s): 2026-02-05 (reported on Form 4 filed 2026-02-09). Note: filing occurred four days after the transaction date, beyond the usual two-business-day Form 4 window.
• Grants reported:
  • 1,537 shares — Grant/award (A) — $0.00 per share (acquired).
  • 2,305 units — Grant/award (A) — derivative units listed as N/A for price (cash-settled).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes:
  • F1: The 1,537 shares reflect holdings in the 401(k) plan including employer match as of 02/05/2026.
  • F2: Each unit equals the economic equivalent of one share of WAL common stock.
  • F3: The 2,305 units vest and are payable only in cash: 1/36th on the 15th of each month from March 2026 through February 2029.

Context
These entries are compensation awards (not open‑market purchases or sales). The 1,537 shares appear to reflect a 401(k) employer match, and the 2,305 units are cash‑settled awards that will pay out monthly over three years rather than result in immediate share issuance. Such grants are routine executive compensation and do not by themselves indicate buying or selling intent in the market.