Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 36

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 36
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 Compensation Committee approved the modification of the Peer Group by removing Banc of California (successor in the merger with PacWest Bancorp) and BankUnited, Inc., and adding Fifth Third Bancorp, Huntington Bancshares Incorporated, M&T Bank Corporation and Regions Financial Corporation. Peer Group information is an important part of the analysis the Consultant provides to the Compensation Committee so that the Company can maintain executive compensation strategies that are competitive and ensure that compensation is adequate to retain and motivate key executives. The Compensation Committee believes that its executive officers should receive total compensation that is competitive with comparable employers in the financial services industry and closely aligned with both the Company’s short-term and long-term performance, while at the same time ensuring sound risk management and complying with applicable regulatory requirements. The Compensation Committee seeks to provide compensation targeted to reflect the value and performance of executives in the

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| EXECUTIVE COMPENSATION |

market. Actual total direct compensation for executives may vary as necessary based on recommendations of the CEO, direction from the Board of Directors, performance of the Company or any subsidiary or division, individual performance, the experience level of individual executives, internal equity considerations, acquisition-related commitments, external market factors, and similar considerations. Elements of Ex ecutive Compensation The principal elements of the Company’s compensation program for NEOs during 2024 consisted of:

| Principal Element                                 |                                    | Form         | Objectives                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Base Salary                                       |                                    | Cash         | · ·                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Attract and retain key talent through competitive fixed compensation.The only fixed source of cash income.                                                                                                                                                                                                                                                                                                                                                                                                                |
| Annual Bonus                                      |                                    | Cash         | · ·  ·  ·                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Create a pay-for-performance model with clearly established goals and metrics.Motivate and retain key executives through the potential for significant cash compensation by achieving established goals that deliver value to stockholders.Designed to provide market competitive payouts for the achievement of threshold, target, and maximum performance goals.Performance metrics focus executives and employees on achieving annual results that are key indicators of annual financial and operational performance. |
| Long-Term Equity                                  | PerformanceBased StockUnits (PSUs) | Stock        | · ·                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Connect executives’ individual interests and the long-term success of the Company.Performance metrics for annual grants are established for a three-year period and weighted 75% toward the Company’s three-year comparative ROE with