Company: WAL-PA
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001212545-25-000190
Chunk: 1

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-07-17
Form: 8-K
Item: Item 5.02
Chunk 1
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 in the form of performance stock units that will cliff vest over a three-year period based on performance metrics approved by the Compensation Committee of the Board of Directors. Thirty percent of his total award will be in the form of cash-settled restricted stock units that will have a three-year monthly cash vesting, and twenty percent of his total award will be in the form of restricted stock awards that will vest over three years with fifty percent vesting on the second anniversary of the grant date and the remaining fifty percent vesting on the third anniversary of the grant. Mr. Idnani’s 2026 long-term incentive grant is guaranteed at target.

• Mr. Idnani will receive a one-time restricted stock award in the amount of $700,000, which will vest over three years with fifty percent vesting on the second anniversary of the grant date and the remaining fifty percent vesting on the third anniversary of the grant date.

• Mr. Idnani will be paid a one-time cash relocation award of $250,000 (less applicable taxes) that will be paid within thirty days of his relocation date to Phoenix, Arizona. Mr. Idnani will be reimbursed for the cost of corporate housing prior to his relocation. If Mr. Idnani’s employment with the Company ends for any reason other than job elimination within two years after the payment date of the one-time cash award, Mr. Idnani agrees to pay the Company a prorated share of such cash award.

• Mr. Idnani is eligible to participate in the Company’s Executive Severance and Change in Control Plan providing that, in the event of a change in control termination, Mr. Idnani would receive a payout of two times his base salary, prior year bonus at target, pro-rata bonus at target, twenty-four months COBRA premiums, twelve months protective covenants, and the vesting of any unvested equity awards would accelerate and vest as of the date of separation. In the event of a non-change in control termination, Mr. Idnani would receive a payout of his base salary, pro-rata bonus at target, 18 months COBRA premiums, 12 months protective covenants, and any unvested equity awards would continue to vest one for one year after the date of separation.

• Mr. Idnani will also be eligible to participate in the Company’s employee benefit plans, 401(k) plan and other benefits offered to employees.

The foregoing description of the Idnani Offer