Starnes Clarke R III 4

What Happened
Starnes Clarke R III, a director of Western Alliance Bancorporation (WAL), was granted 2,580 shares on February 5, 2026. The transaction is reported as an award/acquisition (code A) at a price of $0.00, indicating these shares were received as a grant (likely restricted stock or RSUs) rather than purchased.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (appears timely — within two business days).
• Type: Award/Grant (SEC code A).
• Shares granted: 2,580; price per share reported: $0.00; reported cash value: $0.
• Shares owned after the transaction: not specified in the provided filing summary.
• No 10b5-1 plan, tax withholding, or other footnotes were noted in the information provided.

Context
An award/grant (code A) typically reflects company compensation (e.g., restricted stock or RSUs) and does not represent an open-market purchase or sale. Such awards are common for directors as part of compensation and may be subject to vesting or other restrictions—details not specified in the summary. This is an acquisition (insider received shares), which is often more informative to investors than routine sales, but the filing does not indicate any immediate sale or cashless exercise.