Jarvi Jessica H 4

What Happened Jessica H. Jarvi, Chief Legal Officer & Secretary of Western Alliance Bancorporation, exercised vested derivative units and disposed of the resulting 168 shares back to the issuer on March 15, 2026. The disposals were in three lots: 58 shares, 46 shares, and 64 shares, each sold at $67.97 per share for total proceeds of roughly $11,419. The filings show the exercises/conversions at $0 (cash-settled units) followed by dispositions to the issuer.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026. No indication the filing was late.
• Sales: 58 shares @ $67.97 = $3,942; 46 shares @ $67.97 = $3,127; 64 shares @ $67.97 = $4,350; total ≈ $11,419.
• Acquisition/Conversion: three derivative exercises (code M) showing acquisition at $0 (cash-settled units) and matching dispositions to issuer.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1/F3/F4 describe units that vest monthly (1/36th) over specified 36‑month periods and are payable solely in cash.
  • F2 notes each unit is the economic equivalent of one share.
  • F5 reflects 401(k) plan holdings including employer match as of 3/5/2026.

Context These were cash-settled unit vestings (economically like RSUs paid in cash) that were converted and immediately paid/sold back to the company (cash settlement). This is generally a routine compensation tax/settlement event rather than an open-market sale and involves a modest dollar amount, so it should be interpreted accordingly by retail investors.