WESTERN ALLIANCE BANCORPORATION·4

Feb 10, 4:25 PM ET

Vecchione Kenneth 4

Research Summary

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Western Alliance (WAL) CEO Kenneth Vecchione Sells Shares for Tax Withholding

What Happened

  • Kenneth Vecchione, President, CEO and a director of Western Alliance Bancorporation, had shares disposed to satisfy payment of an exercise price or tax liability (transaction code F). The filing reports two dispositions: 1,803 shares on 2026-02-06 at $94.39 each ($170,185) and 6,823 shares on 2026-02-07 at $94.39 each ($644,023). Total disposed: 8,626 shares for about $814,208.
  • These were share withholdings/payment-related dispositions (routine tax/exercise-related), not an open-market sale intended to raise cash.

Key Details

  • Transaction dates and prices: 2/6/2026 — 1,803 shares @ $94.39 ($170,185); 2/7/2026 — 6,823 shares @ $94.39 ($644,023).
  • Total disposed: 8,626 shares, ~ $814,208.
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Footnote: F1 — reflects shares held in the 401(k) Plan to include employer match as of 2/5/2026.
  • Filing date: Form filed 2026-02-10; covers transactions on 2/6–2/7/2026 and appears to have been filed within the normal Form 4 timing requirements.

Context

  • Transaction code F indicates shares were used to satisfy an exercise price or tax liability (share withholding). That is typically a routine administrative step after option exercises or vesting and differs from an open-market sale. Such withholdings are common and are not a clear signal about the insider’s market view.