Kennedy Barbara 4
4 · WESTERN ALLIANCE BANCORPORATION · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Western Alliance (WAL) CHRO Barbara Kennedy Exercises Awards, Sells Shares
What Happened
Barbara Kennedy, Chief Human Resources Officer of Western Alliance Bancorporation, exercised/converted cash-settled equity units and immediately disposed of the resulting shares to the issuer on March 15, 2026. Transactions shown: 101 shares sold at $67.97 for $6,865; 74 shares sold at $67.97 for $5,030; and 82 shares sold at $67.97 for $5,574 — a total of 257 shares and roughly $17,469. The exercises show $0.00 exercise price (awards/units settled in cash or net-settled), and the dispositions to the issuer reflect a sale/surrender of the shares.
Key Details
- Transaction date: 2026-03-15; filing date: 2026-03-17 (filed two days after the transaction).
- Share price on disposition: $67.97. Total proceeds reported ≈ $17,469.
- Reported activities: multiple "M" (exercise/conversion of derivative) entries and "D" (disposition to issuer) entries. Some derivative-line dispositions are listed with N/A dollar amounts as they reflect conversion/settlement mechanics.
- Shares owned after the transaction: not shown in the excerpt provided.
- Footnotes: F1–F4 indicate these units are cash-settled and vest monthly (1/36th) over three-year schedules beginning March 2024, March 2025, and March 2026; F2 notes each unit equals the economic equivalent of one share.
Context
This looks like exercises/conversions of company awards or restricted-unit-style awards that were cash-settled or net-surrendered to the issuer rather than open-market purchases. Dispositions to the issuer are commonly used to satisfy tax withholding or effect net settlement and are routine executive compensation settlements rather than directional buy/sell signals.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-15+101→ 10,433 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−101$6,865→ 10,332 total - Exercise/Conversion
Common Stock
[F3][F2]2026-03-15+74→ 10,406 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−74$5,030→ 10,332 total - Exercise/Conversion
Common Stock
[F4][F2]2026-03-15+82→ 10,414 total - Disposition to Issuer
Common Stock
2026-03-15$67.97/sh−82$5,574→ 10,332 total - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F1]2026-03-15−101→ 1,099 total→ Common Stock (101 underlying) - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F3]2026-03-15−74→ 1,687 total→ Common Stock (74 underlying) - Exercise/Conversion
Cash Settled Restricted Stock Units
[F2][F4]2026-03-15−82→ 2,881 total→ Common Stock (82 underlying)
- 22,797(indirect: By Trust)
Common Stock
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.