Vecchione Kenneth 4

What Happened

• Kenneth Vecchione, President & CEO and a director of Western Alliance Bancorporation (WAL), was granted equity awards on February 5, 2026. The Form 4 reports an acquisition of 14,269 shares at $0.00 (reflecting a $0 employer cost) and a separate grant of 21,402 derivative units reported with no purchase price (N/A).
• The 14,269 shares reflect amounts held in the company 401(k) plan including the employer match (footnote F1). The 21,402 units are economic equivalents of common stock but are cash‑settled rather than actual share issuances (footnotes F2 and F3).

Key Details

• Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the two-business-day Form 4 deadline).
• Grants: 14,269 shares acquired at $0.00 (total $0); 21,402 derivative units reported as N/A for price/value.
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnotes: F1 — 14,269 reflects 401(k) balance including employer match as of 2/5/2026. F2 — each unit = economic equivalent of one share. F3 — units vest and are payable solely in cash: 1/36th on the 15th of each month from March 2026 through February 2029.
• Transaction code: A (award/grant). No 10b5-1 plan or tax‑withholding details listed.

Context

• These were awards/grants, not open‑market purchases or sales; awards are part of compensation and do not necessarily signal immediate CEO buying or selling sentiment.
• The 21,402 derivative units are cash‑settled and vest monthly over three years, so they will be paid in cash over time rather than increasing outstanding share count immediately.