Kennedy Barbara 4

4 · WESTERN ALLIANCE BANCORPORATION · Filed Feb 9, 2026

AI-generated summary of this filing

Updated Feb 9, 2026

Western Alliance (WAL) CHRO Barbara Kennedy Receives Stock Award

What Happened

Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation (WAL), received awards on Feb 5, 2026 totaling 4,939 units across three grant lines. The filing shows acquisitions coded as "A" (grant/award): two lines of 988 units each listed at $0.00 and a third line of 2,963 units reported as a derivative with N/A price. These are awards/Deferred Stock Units (not open-market purchases or sales) and carry vesting/payment conditions rather than representing immediately tradable shares.

Key Details

Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (four days later — filing appears late relative to the transaction).
Total units awarded: 4,939 (988 + 988 + 2,963). Two lines show $0.00 per unit; one line shows N/A. No cash exchanged.
Transaction code: A = Award/Grant. Some entries are marked as "derivative" (deferred stock units rather than immediate common shares).
Shares owned after the transaction: Not disclosed in the provided filing excerpt.
Relevant footnotes:
- F1: Units are Deferred Stock Units under the issuer’s plans, representing the deferred portion of an executive restricted stock award; 50% vests on the second and third anniversaries and are paid in shares issued under the plan after separation from service.
- F2: Each unit is economically equivalent to one share of common stock.
- F3: A portion of the units vest and are payable solely in cash: 1/36th on the 15th day of each month from March 2026 through February 2029.

Context

These awards are compensation-related grants (not purchases or sales) and therefore do not necessarily signal insider bullish or bearish market activity. The filing indicates deferred units and cash-settled units with multi-year vesting/payment schedules; deferred stock units generally convert to shares (or cash) only under the plan’s conditions and/or upon separation from service. The form was filed a few days after the transaction date, which is later than typical Form 4 timing rules and may be noted by compliance observers.

Form 4

Period: 2026-02-05

Chief Human Resources Officer

Transactions

Award
Common Stock
2026-02-05+988→ 9,741 total
Award
Deferred Stock Units
[F1]
2026-02-05+988→ 988 total
→ Common Stock (988 underlying)
Award
Cash Settled Restricted Stock Units
[F2][F3]
2026-02-05+2,963→ 2,963 total
→ Common Stock (2,963 underlying)

Holdings

Footnotes (3)

[F1]Represents the grant of Deferred Stock Units under the Issuer's Stock Incentive Plan and credited under the Issuer's Executive Stock and Bonus Deferral Plan and are granted as the deferred portion of the executive officer's annual restricted stock award vesting 50% on the second and third anniversaries of the grant date. Deferred Stock Units are paid in shares of Common Stock issued under the Issuer's Stock Incentive Plan after a separation from service pursuant to the Executive Stock and Bonus Deferral Plan.
[F2]Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
[F3]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029.

Signature

/s/Jessica Jarvi (Attorney-in-fact)|2026-02-09

1 file