Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 42

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 42
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 in 36 equal installments, and are settled in cash thereby avoiding share dilution.

| 46 | 2025 PROXY STATEMENT |

| EXECUTIVE COMPENSATION |

2022 LTI Results The PSUs covering the 2022-2024 performance period were weighted 75% toward the Company’s three-year cumulative EPS and 25% toward the Company’s relative TSR compared to the KBW Regional Banking Index. In February 2025, following the end of the three-year performance period, the Compensation Committee certified achievement of the EPS component at $23.33 which was below the threshold payout of that metric, resulting in a 0% payout. For PSUs tied to relative TSR for the same performance period, the Compensation Committee received external certification for TSR results compared to the predetermined peer set which showed a TSR of -12.0% resulting in a relative ranking at the 8.3 rd percentile and correlating to a 0% payout. The overall payout for the 2022 PSUs was 0%. 2024 LTI Determination In early 2024, after considering information regarding market analysts’ expectations for the Peer Group and the Company and input from Messrs. Vecchione and Gibbons and the Consultant, the Compensation Committee designed performance targets for the annual PSUs covering the 2024-2026 performance period. The Compensation Committee approved replacing EPS with a comparative ROE metric weighted at 75% and continuing the current TSR metric weighted at 25% for the 2024-2026 performance stock units. The ROE metric is a common industry‐wide tool to measure the strength of a bank’s earnings and is generally accepted as a good indicator of a bank’s financial performance. The ROE metric will be measured as the 3‐year arithmetic mean of Return on Equity (ROE) for the stated plan performance period. The average ROE for each peer will then be sorted high to low and compared to the average ROE for the Company. The percentile ranking, along with a capital governor (CET1 ratio) will determine the payout. The ROE payout will be adjusted by a multiplier between 0% and 100% based on the Company’s CET1 Ratio, which ensures the Company maintains adequate capital levels on a risk adjusted basis. This CET1 multiplier will have a maximum value of 100% for a CET1 Ratio of 11.0% or above and a minimum value of 0% for a CET1 Ratio of 10.0