Idnani Vishal 4

What Happened Vishal Idnani, Chief Financial Officer of Western Alliance Bancorporation (WAL), received equity-related awards on 2026-02-05. The filing shows 2,942 shares granted at $0.00 (no cash paid by the insider) and 4,412 derivative units (economic equivalents of shares) granted as a separate, cash‑settled award — 7,354 total economic units. The filing does not state a dollar value for the awards.

Key Details

• Transaction date: 2026-02-05; Form 4 filed 2026-02-09 (appears to be timely).
• Grants: 2,942 shares @ $0.00 (acquired) and 4,412 derivative units listed as N/A for price.
• Shares/units after transaction: Not disclosed in the excerpt of the filing.
• Footnotes:
  • F1: Each unit equals the economic equivalent of one share of WAL common stock.
  • F2: The 4,412 units vest and are payable solely in cash: 1/36th on the 15th day of each month from March 2026 through February 2029 (monthly cash settlement).
• Transaction type: Award/Grant (code A) — not an open‑market buy or sale.

Context These awards are compensation grants rather than purchases or sales. The 4,412 derivative units are cash‑settled over 36 months (monthly payments) and do not represent immediately transferable shares. Awards are routine executive compensation disclosures and do not by themselves indicate the insider is buying or selling stock in the market.