WAL Form 4: CEO Vecchione Reports RSU Vesting and Sales at $82.55

Q: Who filed the Form 4 for WAL and what is his role?

The Form 4 was filed for Kenneth Vecchione , who is identified as President and CEO and a director of Western Alliance Bancorporation.

Q: How many shares does Vecchione beneficially own after the reported transactions?

The filing reports 447,611 shares beneficially owned following the reported transactions.

Q: Are there any indirect holdings disclosed in the filing?

Yes. The filing discloses 1,950 shares held in a 401(k) plan and 750 shares held in a UTMA account for his daughter.

Q: When was the Form 4 signed and by whom?

The Form 4 was signed by attorney-in-fact Jessica Jarvi on 08/18/2025 .

[Form 4] Western Alliance Bancorporation Insider Trading Activity

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kenneth Vecchione, President and CEO of Western Alliance Bancorporation (WAL), reported multiple transactions dated 08/15/2025. The filing shows cash-settled restricted stock units paid as the economic equivalent of common shares: 539 units (vesting monthly from March 2024 to Feb 2027) and 437 units (vesting monthly from March 2025 to Feb 2028), both recorded as acquisitions. Offsetting dispositions of common stock were reported at $82.55 per share, leaving 447,611 shares beneficially owned after the transactions. The report also discloses 1,950 shares in a 401(k) plan and 750 shares in a UTMA for his daughter. The form was signed by attorney-in-fact Jessica Jarvi on 08/18/2025.

Positive

Maintains substantial direct ownership with 447,611 shares after reported transactions
Transparent disclosure of RSU vesting schedules (monthly vesting periods specified for two tranches)
Disclosure of indirect holdings (1,950 shares in 401K and 750 shares in UTMA) enhances completeness

Negative

Reported sale of common stock at $82.55, indicating partial monetization during the period
Some compensation settled in cash (cash-settled RSUs), which does not increase share count but does represent economic exposure rather than equity accumulation

Insights

TL;DR: Insider exercised/received cash-settled RSUs and sold shares at $82.55, maintaining substantial direct ownership (~447,611 shares).

The filing documents routine compensation-related vesting and concurrent open-market dispositions. Cash-settled restricted stock units are reported as acquisitions because each unit equals one share economically, increasing reported beneficial exposure prior to the disclosed sale. The reported sale price of $82.55 is explicit; the net effect leaves the reporting person with significant direct holdings, which is relevant for governance and voting influence but does not by itself indicate a material change to control.

TL;DR: Transactions appear to reflect standard executive compensation vesting and partial monetization, with no disclosed unusual arrangements.

The form lists scheduled vesting terms for two cash-settled RSU tranches and routine disclosures of indirect holdings (401(k) and UTMA). The signature by an attorney-in-fact is noted, which is a common administrative practice. From a governance perspective, maintaining >447k direct shares preserves alignment with shareholders; the sale amount and volumes should be monitored in context of overall insider ownership trends, but the filing itself is a routine Section 16 disclosure.

08/18/2025 - 05:34 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Vecchione Kenneth

(Last)

(First)

(Middle)

C/O WESTERN ALLIANCE BANCORPORATION

ONE E. WASHINGTON STREET, STE 1400

(Street)

PHOENIX

85004

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTERN ALLIANCE BANCORPORATION [ WAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/15/2025		M		539⁽¹⁾	A	$0⁽²⁾	448,150	D
Common Stock	08/15/2025		D		539	D	$82.55	447,611	D
Common Stock	08/15/2025		M		437⁽³⁾	A	$0⁽²⁾	448,048	D
Common Stock	08/15/2025		D		437	D	$82.55	447,611	D
Common Stock								1,950⁽⁴⁾	I	401K Plan
Common Stock								750	I	Darcy Vecchione UTMA (daughter)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash Settled Restricted Stock Units	⁽²⁾	08/15/2025		M			539	⁽¹⁾	⁽¹⁾	Common Stock	539	⁽²⁾	9,714	D
Cash Settled Restricted Stock Units	⁽²⁾	08/15/2025		M			437	⁽³⁾	⁽³⁾	Common Stock	437	⁽²⁾	13,104	D

Explanation of Responses:

1. 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.

2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

3. 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.

4. Reflects shares held in the 401K Plan to include employer match as of 08/07/2025.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

Who filed the Form 4 for WAL and what is his role?

The Form 4 was filed for Kenneth Vecchione, who is identified as President and CEO and a director of Western Alliance Bancorporation.

What transactions did Kenneth Vecchione report on 08/15/2025?

He reported acquisitions of cash-settled restricted stock units (539 and 437 units) and dispositions of common stock at $82.55 per share on 08/15/2025.

How many shares does Vecchione beneficially own after the reported transactions?

The filing reports 447,611 shares beneficially owned following the reported transactions.

Are there any indirect holdings disclosed in the filing?

Yes. The filing discloses 1,950 shares held in a 401(k) plan and 750 shares held in a UTMA account for his daughter.

When was the Form 4 signed and by whom?

The Form 4 was signed by attorney-in-fact Jessica Jarvi on 08/18/2025.

AG真人官方

[Form 4] Western Alliance Bancorporation Insider Trading Activity

Insights

FAQ

Who filed the Form 4 for WAL and what is his role?

What transactions did Kenneth Vecchione report on 08/15/2025?

How many shares does Vecchione beneficially own after the reported transactions?

Are there any indirect holdings disclosed in the filing?

When was the Form 4 signed and by whom?

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[Form 4] Western Alliance Bancorporation Insider Trading Activity

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Corporate Governance Expert neutral

FAQ

Who filed the Form 4 for WAL and what is his role?

What transactions did Kenneth Vecchione report on 08/15/2025?

How many shares does Vecchione beneficially own after the reported transactions?

Are there any indirect holdings disclosed in the filing?

When was the Form 4 signed and by whom?

NYSE:WAL

WAL Rankings

WAL Latest News

WAL Latest SEC Filings

WAL Stock Data