Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 35

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 35
---
 on the compensation of its executives. At the Company’s 2024 annual meeting of stockholders, over 95% of shares voted were voted in favor of the “Say on Pay” proposal. The Compensation Committee considers the results of say on pay votes but did not make pay changes as a direct result of the advisory vote or feedback from stockholders. The Compensation Committee will continue to consider the outcome of the Company’s say-on-pay votes when making future compensation decisions. Also at the 2024 annual meeting of stockholders the stockholders approved, on a non-binding advisory basis, that the frequency of the "Say on Pay" vote should continue every year. Benchmarking o f Compensation The Peer Group used in 2024 to analyze the NEOs’ compensation as compared to market practices was comprised of 19 banking organizations. This group of banking companies was compiled by considering all banks with total assets within a range of approximately 0.5 x to 2.5 x the Company’s total assets, and with a commercial banking focus. For compensation purposes, the Compensation Committee used the 19-bank subset of the larger group of companies that the Company uses for purposes of comparing financial and stock performance. The Company believed the Peer Group was representative of those companies that are regional leaders in their markets and with which the Company competes for executive talent. The members of the 2024 Peer Group were:

| ·   Comerica Incorporated·   Cullen/Frost Bankers, Inc.·   East West Bancorp, Inc.·   First Citizens BancShares, Inc.·   First Horizon Corporation·   Fifth Third Bancorp.·   Flagstar Financial, Inc. | ·   Huntington Bancshares Incorporated·   M&T Bank Corporation·   Pinnacle Financial Partners Inc·   Prosperity Bancshares·   Regions Financial Corporation·   SouthState Corporation | ·   Stifel Financial Corp.·   Synovus Financial Corporation·   Valley National Bancorp·   Webster Financial Corporation·   Wintrust Financial Corporation·   Zions Bancorporation, N.A. |

While we strive for year over year continuity in our peer group, the Company’s pace of growth has led the Compensation Committee to conduct a Peer Group review annually. The Compensation Committee reviewed the Company’s Peer Group with the Consultant to ensure the Company aligned more closely to the median of the group. After discussing potential alterations to the current Peer Group with the Consultant, and due to the Company's growth, coupled with market changes in 2023 and 2024, the