Western Alliance (WAL) Director Marianne Johnson Receives Award

What Happened
Marianne Boyd Johnson, a director of Western Alliance Bancorporation (WAL), was granted 2,580 shares on February 5, 2026. The Form 4 reports the acquisition at $0.00 per share (transaction code A — award/grant), so no cash was paid in this transaction.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (appears to meet the standard two-business-day filing requirement).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 2,580; reported price: $0.00; reported dollar value: $0.
• Beneficial ownership after transaction: filing footnote states the reporting person disclaims beneficial ownership except for 1,336,730 shares (trust-related disclosure).
• Footnote: The reporting person is Trustee of SMW WAL Irrevocable Trust and disclaims beneficial ownership in all but 1,336,730 shares.

Context
This was an equity award (compensation/allocative grant) rather than an open-market purchase or sale, so it does not directly signal buying or selling intent. Awards are commonly part of director compensation or trust allocations; they increase reported holdings but don’t imply a market view.