Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 47

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 47
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TI value granted during that period. LTI is a primary driver of realizable pay and constitutes the majority of the Company's total direct compensation for the CEO. |

| 2025 PROXY STATEMENT | 49 |

| EXECUTIVE COMPENSATION |

| · |   | Our analysis of realizable pay for the period 2022-2024 reveals that realizable pay continues to track below target award levels, reflecting the strong link between the Company's compensation program and stockholder interest, as well as the sensitivity of the Company's compensation program. |
|   | o | 2022 PSUs delivered no payout after the performance period (see "Annual Bonus Determination").                                                                                                                                                                                                      |
|   | o | 2023 PSUs are tracking substantially below target.                                                                                                                                                                                                                                                  |
|   | o | 2024 PSUs are tracking at the maximum due to the Company's strong performance, which is above the 75th percentile of the peer group.                                                                                                                                                                |

| (1) | 3-year average CEO Target Pay is calculated as follows: (a) Base salary is the average base salary cash compensation from FY21-FY23; (b) Bonus is FY21-FY23 average target bonus; and (c) Long Term Incentives includes the average equity grants made during the FY21-FY23 period, valued at the grant date fair value of the awards.                                                                                                                                                                                                     |
| (2) | 3-year average CEO Realizable Pay is calculated as follows: (a) Base salary is average base salary cash compensation paid from FY21-FY23; (b) Bonus is FY21-FY23 average bonus actually paid; and (c) Long Term Incentives include the equity grants made during the FY21-FY23 period, all valued using the Company's stock price as of December 29, 2023, where PSU awards are based on the average of actual payouts and estimated payouts where the cycle is incomplete and all other awards are based on the number of shares granted. |
| (3) | 3-year average CEO Target Pay is calculated as follows: (a) Base salary is the base salary cash compensation from FY22-FY24; (b) Bonus is FY22-FY24 target bonus; and (c) Long Term Incentives includes the equity grants made during the FY22-FY24 period, valued at the grant date fair value of the awards.                                                                                                                                                                                                                             |
| (4) | 3-year average CEO Real