Herndon Lynne 4

What Happened
Lynne Herndon, Chief Credit Officer of Western Alliance Bancorporation (WAL), disposed of 138 shares on Feb 6, 2026 at $94.39 per share for a total of $13,026. The transaction is reported with code "F," indicating the shares were surrendered or withheld to satisfy an exercise price or tax liability rather than a voluntary open‑market sale.

Key Details

• Transaction date: 2026-02-06; Price: $94.39; Shares: 138; Value: $13,026.
• Transaction code F = payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after the transaction: not disclosed in this Form 4.
• Filing date: 2026-02-10 (filed 4 days after the transaction), which appears later than the typical two-business-day Form 4 reporting window.
• No 10b5-1 plan or other special instruction noted in this filing.

Context
Shares withheld to cover taxes or exercise costs are a routine administrative step following option exercises or vesting of awards; they do not necessarily indicate a change in the insider’s view of the company. Such withholding is different from an open‑market sale intended to raise cash. For investors, purchases are generally more informative about insider confidence; this filing mainly documents tax/settlement mechanics.