Kennedy Barbara 4

4 · WESTERN ALLIANCE BANCORPORATION · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 17, 2026

Western Alliance (WAL) CHRO Barbara Kennedy Exercises and Sells 257 Shares

What Happened

Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation (WAL), converted/exercised a total of 257 derivative units (101 + 74 + 82) and dispositions to the issuer resulted in cash proceeds of $81.81 per unit. The three dispositions totaled $8,263, $6,054 and $6,708 respectively, for combined proceeds of approximately $21,025. These transactions were coded as exercises/conversions (M) followed by dispositions to the issuer (D).

Key Details

Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (filed within the standard two-business-day window).
Prices and totals: disposition price $81.81 per unit; totals — 101 units = $8,263; 74 units = $6,054; 82 units = $6,708; combined ≈ $21,025.
Transaction codes: M = exercise/conversion of derivative; D = disposition to the issuer (cash settlement).
Shares owned after transaction: not disclosed in the provided filing.
Footnotes:
- F2: Each unit is the economic equivalent of one share of WAL common stock.
- F1, F3, F4: The units referenced have monthly vesting schedules (1/36th each month) from start dates March 2024, March 2025, and March 2026 respectively — and are payable solely in cash when vested.

Context

These were cash-settled derivative/unit conversions (not open-market purchases or gifts). Because the units are payable solely in cash, the conversion and disposition effectively resulted in cash payment to the insider rather than delivery of tradable shares. This is a routine compensation payout tied to vesting and does not, by itself, indicate a directional bet on the stock.

Form 4

Period: 2026-06-15

Chief Human Resources Officer

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-06-15+101→ 10,433 total
Disposition to Issuer
Common Stock
2026-06-15$81.81/sh−101$8,263→ 10,332 total
Exercise/Conversion
Common Stock
[F3][F2]
2026-06-15+74→ 10,406 total
Disposition to Issuer
Common Stock
2026-06-15$81.81/sh−74$6,054→ 10,332 total
Exercise/Conversion
Common Stock
[F4][F2]
2026-06-15+82→ 10,414 total
Disposition to Issuer
Common Stock
2026-06-15$81.81/sh−82$6,708→ 10,332 total
Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F1]
2026-06-15−101→ 796 total
→ Common Stock (101 underlying)
Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F3]
2026-06-15−74→ 1,465 total
→ Common Stock (74 underlying)
Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F4]
2026-06-15−82→ 2,635 total
→ Common Stock (82 underlying)

Holdings

Footnotes (4)

[F1]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.
[F2]Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
[F3]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.
[F4]These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2026 and ending February 2029.

Signature

/s/Jessica Jarvi (Attorney-in-fact)|2026-06-17

1 file