Jarvi Jessica H 4

What Happened

• Jessica H. Jarvi, Chief Legal Officer & Secretary of Western Alliance Bancorporation (WAL), exercised/converted vested derivative units and immediately disposed of the resulting 168 shares to the issuer on May 15, 2026. The three dispositions were: 58 shares at $74.42 ($4,316), 46 shares at $74.42 ($3,423), and 64 shares at $74.42 ($4,763), totaling approximately $12,502. The exercise/conversion records show $0.00 exercise price for the acquired shares, indicating no cash paid to acquire them before the disposition.

Key Details

• Transaction date: May 15, 2026. Filing date: May 19, 2026 (timely filed).
• Price(s) and proceeds: 58 @ $74.42 ($4,316); 46 @ $74.42 ($3,423); 64 @ $74.42 ($4,763). Total ≈ $12,502.
• Codes: M = exercise/conversion of derivative; D = disposition to the issuer (shares surrendered/sold back to company).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: F1/F3/F4 — units vest monthly over 36-month schedules (start dates Mar‑2024, Mar‑2025, Mar‑2026 respectively) and are payable solely in cash; F2 — each unit is the economic equivalent of one share. (F5 pertains to 401(k) holdings as of 5/14/2026.)

Context

• This appears to be a cash settlement/cashless-type conversion: Jarvi converted vested derivative units (economic equivalents of shares) and immediately had the shares disposed to the issuer for cash. Such transactions are typically routine compensation vesting or payout events rather than open-market purchases or sales expressing a trading view.