Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 24

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 24
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 respect to the compensation of our non-employee directors. In February 2024, as part of its annual review of director compensation, the Compensation Committee recommended that the non-employee director compensation remain at 2023 levels, with an increase in the number of shares granted based on the decrease in the value of the stock price from the prior year, to preserve the value of the equity grant against year-over-year fluctuations in stock price. The Board of Directors approved the Compensation Committee’s recommendations and granted 4,056 shares of restricted stock to each director on February 6, 2024, with the shares scheduled to vest on February 6, 2025. The following is a summary of the non-employee director compensation approved by the Board in February 2024:

| · | An annual board service retainer of $50,000 for all non-employee directors;                                                                                      |
| · | Committee service retainers of $20,000 for the Audit Committee; and $10,000 for each of the Compensation; Finance & Investment; Governance; and Risk Committees; |
| · | Retainers of $10,000 for each chair of the Audit; Compensation; Finance & Investment; Governance; and Risk Committees;                                           |
| · | Equity compensation of 4,056 shares in restricted stock ($235,005 grant date fair value); and                                                                    |
| · | Additional compensation for the Chair of the Board consisting of an $80,000 cash retainer and $80,000 restricted stock grant.                                    |

| 28 | 2025 PROXY STATEMENT |

| CORPORATE GOVERNANCE |

The table below provides information concerning the compensation of each of the Company’s non-employee directors for 2024. The Company does not pay employees of the Company additional compensation for their service as directors. Accordingly, this table does not include Mr. Vecchione. Non-employee directors receive annual retainers, committee service retainers, equity grants in the form of restricted Company stock, and amounts for special assignments as determined to be appropriate, in each case, as described above.

| Name                     |     | Fees Earned or 
 Paid in Cash   
 ($)            |         |     | Stock  
 Awards 
 ($)(1) |         |     | All Other           
 Compensation ($)(2) |        |     | Total 
 ($)   |         |
| BRUCE D. BEACH           |     |                | 180,000 |     |        | 315,020 |     |                     |  8