Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 39

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 39
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 – Preferred Dividends) / Average Diluted Shares Outstanding.                                                                                                                                                                                                                    |
| (2) | For purposes of the Annual Bonus Plan, the loan growth calculation excludes increases in loans held for sale.                                                                                                                                                                                                                                                               |
| (3) | The year-over-year deposit growth excludes brokered and non-reciprocal deposit arrangements.                                                                                                                                                                                                                                                                                |
| (4) | Operating Noninterest Income Growth excludes income from the following sources: AmeriHome Mortgage and nonoperating items including mark to market and hedging fees and gain/loss on sales of securities.                                                                                                                                                                   |
| (5) | The CET1 is used by bank regulators as a basis for assessing a bank's capital adequacy; therefore, the Company believes the ratio is useful to assess financial condition and capital adequacy.                                                                                                                                                                             |
| (6) | The Classified Asset Ratio is the ratio of Classified Assets to Total Assets as of December 31, 2024.                                                                                                                                                                                                                                                                       |
| (7) | The Net Charge-Off Ratio equals Net Loan Charge-Offs for the year divided by Average Loans Outstanding for the year.                                                                                                                                                                                                                                                        |
| (8) | Quality Control refers to the Company’s performance in maintaining an effective risk management program and sound control environment, based in part on regulatory examination and internal audit results. Company’s performance in this category is assessed by the Risk Committee, which recommends a payout percentage to the Compensation Committee for final approval. |

The Company will interpolate on a straight-line basis between the threshold, target and maximum in each category of performance listed in the bonus table above. The following table shows the annual bonus targets, expressed as a percentage of annual cash salary, as well as achievements and payouts under the Annual Bonus Plan. In January 2024, the Compensation Committee reviewed the bonus targets for all executive officers. The full Board approved Mr. Vecchione’s bonus target to remain the same as it was in 2023 (150%), in accordance with his letter agreement. With respect to the remaining NEOs, the Compensation Committee approved bonus target increases only for Messrs. Curley and Bruckner from 100% to 120%. These annual bonus target increases were due to various factors including increased responsibilities assumed by these executives and market positioning relative to peers.

| 2025 PROXY STATEMENT | 45 |

| EXECUTIVE COMPENSATION |

In addition to the quantitative aspects of the Company’s Annual Bonus Plan, the Company and the Compensation Committee also evaluate the Company's overall performance from a holistic perspective. This