Jarvi Jessica H 4

What Happened
Jessica H. Jarvi, Chief Legal Officer and Secretary of Western Alliance Bancorporation (WAL), exercised equity awards and had a total of 616 shares withheld or surrendered on Feb 15, 2026 to cover taxes/exercise obligations, generating about $57,411 in proceeds/withholdings. The filing also shows a grant of 1,115 cash-settled units (economic equivalent of shares).

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026.
• Actions reported:
  • Grant: 1,115 units acquired (cash-settled, $0.00 per unit).
  • Exercises/conversions (derivative): 104 shares acquired (58 + 46) then surrendered/issued back.
  • Withholding/payment: 512 shares disposed at $93.20 for $47,718 to cover taxes/exercise; additional dispositions of 58 shares ($5,406) and 46 shares ($4,287) to the issuer. Total value of surrendered/withheld stock ≈ $57,411.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: units are cash-settled and vest monthly over 36 months (one grant vests Mar 2024–Feb 2027; another schedule noted Mar 2025–Feb 2028). Each unit equals the economic equivalent of one share. Filing also reflects 401(k) holdings including employer match as of 2/5/2026.
• No 10b5-1 trading plan or late-filing notation is indicated in the summary footnotes provided.

Context

• This appears to be a routine equity award vesting/exercise with shares withheld or surrendered to satisfy tax and exercise obligations (a net or cashless-style settlement), not an open-market sale. Such withholdings are common and do not necessarily signal a change in the insider’s view of the company.