Nachlas Emily 4

What Happened

• Emily Nachlas, Chief Risk Officer at Western Alliance Bancorporation (WAL), disposed of a total of 725 shares to satisfy tax withholding tied to an equity award or option exercise. The disposals were 287 shares on Feb 6, 2026 and 438 shares on Feb 7, 2026, each at $94.39 per share, totaling roughly $68,433.

Key Details

• Transaction dates and prices:
  • 2026-02-06: 287 shares disposed at $94.39 — proceeds reported as $27,090.
  • 2026-02-07: 438 shares disposed at $94.39 — proceeds reported as $41,343.
• Total shares disposed: 725; total reported value: about $68,433.
• Transaction code F: these disposals were to satisfy tax withholding obligations (not necessarily an open-market sale).
• Shares owned after the transaction: not specified in the provided filing details.
• Filing date: Form 4 filed 2026-02-10 covering Feb 6–7 transactions — this is beyond the typical two-business-day Form 4 filing window (the filing appears late).

Context

• These transactions appear to be tax-withholding disposals following an equity award or option exercise (common: the company withholds or cancels shares to cover taxes). That is generally a routine administrative action and does not necessarily signal the insider’s view on the stock.
• For retail investors, purchases or open-market buys are typically more notable than routine withholding disposals; treat this as administrative rather than an investment signal.