Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 68

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 68
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 its sole discretion, either to provide that all restricted stock will be exercisable for a period of 15 days prior to, and contingent upon, the consummation of the Corporate Transaction or to cancel any outstanding restricted stock in exchange for an amount of cash or securities. With respect to performance shares, the stock unit agreements provide that, in the event of a Change in Control, the vesting of the 2023, 2024 and 2025 performance shares shall be determined based on performance for the portion of the performance period that elapsed prior to the Change in Control. Under the Restoration Plan, the Company’s matching contribution in the executive’s account (and all earnings thereon) will become 100% vested immediately (if not already vested) upon a change in control of the Company. Assuming a change in control or other vesting event occurred on December 31, 2024, the vesting benefit pursuant to the Restoration Plan to each NEO would have been $1,439,212 for Mr. Gibbons, and $0 for the CEO and other NEOs.

| 66 | 2025 PROXY STATEMENT |

| EXECUTIVE COMPENSATION |

The table below reflects the amount of compensation that would have become payable to each of our NEOs under then existing plans if the NEO’s employment had been involuntarily terminated or the NEO resigned for Good Reason immediately following a Change in Control on December 31, 2024. The actual amounts that would be paid upon a NEO’s termination of employment or in connection with a Change in Control can be determined only at the time of any such event. Due to a number of factors that may affect the amount of any benefits provided upon the events discussed below, actual amounts paid or distributed may be higher or lower than indicated in the table. Factors that could affect these amounts include the timing during the year of any such event, our stock price, the attained level of performance for performance units, and any additional agreements or arrangements we may enter into in connection with any change in control or termination of employment. For a more complete understanding of the table, please read the narrative disclosures that follow the table.

| Name              |     | Cash      
 Severance 
 ($)       |           |     | Bonus 
 ($)   |           |     | Stock  
 Awards 
 ($)    |            |     | Welfare & 
 Other     
 Benefits  
 ($)       |        |     | Total 
 ($)   |            |
| KENNETH VECCHIONE |     |           | 4,