Company: WAL-PA
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001212545-25-000190
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Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-07-17
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 14, 2025, Western Alliance Bancorporation (the “ Company”) began a planned transition pursuant to which Vishal Idnani will be appointed as Chief Financial Officer of the Company and Western Alliance Bank (the “ Bank”) effective January 2, 2026. Mr. Idnani will serve as the principal financial officer of the Company, effective immediately after the filing of the Form 10-K for the fiscal year ended December 31, 2025. Mr. Idnani is expected to join the Company in October 2025 as the Transitioning Chief Financial Officer.

Effective January 2, 2026, Dale Gibbons, current Vice Chairman and Chief Financial Officer of the Company and Bank, will transition to the new role of Vice Chairman and Chief Banking Officer, Deposit Initiatives and Innovation. He will continue to serve as the principal financial officer of the Company until immediately after the filing of the Form 10-K for the fiscal year ended December 31, 2025.

Mr. Idnani, age 40, joins the Company after most recently serving as a Managing Director in the Financial Institutions Group at J. P. Morgan since May 2021, where he manages relationships with over 50 global and regional banks. Prior to his most recent role, Mr. Idnani served as Executive Director, and in various other positions at J. P. Morgan since July 2006.

In connection with his appointment, Mr. Idnani has accepted an offer letter from the Company, dated July 14, 2025 (the “ Idnani Offer Letter”), which provides for an annual salary and certain other benefits, as follows:

• Mr. Idnani’s initial annual salary is $670,000.

• Mr. Idnani is eligible to participate in the Western Alliance Bancorporation Annual Bonus Plan for 2025. His annual target bonus is 150% of his base salary, and his 2025 bonus payout is guaranteed at target. Mr. Idnani’s 2025 bonus payout above 100% will be pro-rated based on his hire date.

• Beginning in 2026, Mr. Idnani is also eligible for an annual long-term incentive award with an annual grant value at target equal to 200% of his base salary. Fifty percent of his total award will be