Curley Stephen Russell 4

What Happened

• Stephen Curley, Chief Banking Officer (NBL) of Western Alliance Bancorporation (WAL), disposed of shares to satisfy tax obligations tied to equity compensation.
• On 2026-02-06 he surrendered 758 shares at $94.39 each ($71,548) and on 2026-02-07 he surrendered 1,314 shares at $94.39 each ($124,028), for a combined 2,072 shares and approximately $195,576 in value.
• These disposals are recorded as payment of exercise price or tax liability (transaction code F), i.e., withholding of shares rather than an open-market sale — a routine administrative step following an award/option exercise.

Key Details

• Transaction dates and price: 2026-02-06 — 758 shares @ $94.39; 2026-02-07 — 1,314 shares @ $94.39.
• Reported values: $71,548 and $124,028 respectively; total ≈ $195,576.
• Transaction code: F (payment of exercise price or tax liability / shares withheld).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing: Form 4 filed 2026-02-10 (appears timely relative to the reported transaction dates).

Context

• This appears to be a tax-withholding action tied to equity compensation (common after exercising options or vesting awards). Shares were surrendered to cover taxes rather than sold in an open-market trade, so it is generally considered a routine administrative transaction and not necessarily a signal about insider sentiment.