Jarvi Jessica H 4
4 · WESTERN ALLIANCE BANCORPORATION · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Western Alliance (WAL) CLO Jessica Jarvi Sells Shares After Exercise
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.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-15+58→ 13,765 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−58$3,942→ 13,707 total - Exercise/Conversion
Common Stock
[F3][F2]2026-03-15+46→ 13,753 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−46$3,127→ 13,707 total - Exercise/Conversion
Common Stock
[F4][F2]2026-03-15+64→ 13,771 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−64$4,350→ 13,707 total - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F1]2026-03-15−58→ 621 total→ Common Stock (58 underlying) - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F3]2026-03-15−46→ 1,057 total→ Common Stock (46 underlying) - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F4]2026-03-15−64→ 2,241 total→ Common Stock (64 underlying)
- 2,074(indirect: By 401(k))
Common Stock
[F5]
Footnotes (5)
- [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.
- [F5]Reflects shares held in the 401K Plan to include employer match as of 3/5/2026.