Jarvi Jessica H 4

What Happened

• Jessica H. Jarvi, Chief Legal Officer & Secretary of Western Alliance Bancorporation (WAL), converted/ exercised vested derivative units and immediately disposed of the resulting shares on June 15, 2026. The transactions show conversions of 58, 46 and 64 units (total 168 units) with dispositions to the issuer at $81.81 per share, yielding roughly $13,744 in proceeds.
• The conversion entries list $0.00 acquisition price (derivative conversion) and matching disposition entries at $81.81. Several related derivative entries are reported with N/A amounts to reflect the derivative nature of the awards.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (filed within the typical 2-business-day window).
• Shares sold/disposed to issuer: 58, 46 and 64 shares at $81.81 each (total ~168 shares; proceeds ≈ $13,744).
• Acquisition entries show $0.00 cost (conversion of derivative units); some derivative entries report N/A for cash amounts.
• Shares owned after the transaction: not specified in the provided extract of this filing.
• Footnotes: F1–F4 indicate these units vest and are payable solely in cash on a monthly schedule (1/36th monthly vesting for different grant vintages); F2 notes each unit is the economic equivalent of one share. F5 notes 401(k) holdings (employer match) as of 6/11/2026.

Context

• This appears to be a conversion/settlement of vested, company-issued units followed by immediate disposition to the issuer (commonly a cash settlement or shares withheld/surrendered to cover tax obligations). M = exercise/conversion of derivative; D = disposition to issuer.
• These are sales/dispositions (liquidity/tax-related) rather than open-market purchases, so they generally reflect routine compensation settlement rather than a bullish insider purchase signal.