---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-22-000099"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2022-04-07T23:59:59+00:00"
generated_at: "2026-06-26T08:41:33.483399+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEO Vecchione signs 3-year extension; Sarver & Hilton retire; Beach named Chairman

## Summary
- Vecchione's base salary rises to $1.3M in 2022, $1.4M in 2023, $1.5M in 2024; target bonus 150% of salary.
- Vecchione receives annual LTIP grants of $3.25M (2022), $3.5M (2023), $3.75M (2024) plus one-time $3.25M award in 2022.
- Robert Sarver (Executive Chairman) and Steve Hilton (Director) retire effective June 14, 2022 annual meeting.
- Bruce Beach, currently Lead Independent Director, appointed Chairman effective June 14, 2022.
- Patricia Arvielo, Co-Founder of New American Funding, nominated for Board seat.

## SEC filing metadata
- accession: 0001212545-22-000099
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2022-04-07T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/0001212545-22-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/wal-20220401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-22-000099
- JSON: https://secwatch.observer/filing/0001212545-22-000099.json
- Plain text: https://secwatch.observer/filing/0001212545-22-000099.txt

## Key facts
- Executive change
  Steven Hilton retired as Director at WESTERN ALLIANCE BANCORPORATION.
  - Action: retired
  - Role: Director
  source text: On April 4, 2022, Steven Hilton also notified the Board of Directors of the Company of his decision to retire as a director of the Company and the Bank effective as of the date of the Company’s 2022 annual meeting of stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/0001212545-22-000099-index.htm
- Executive change
  Bruce Beach was appointed as Chairman at WESTERN ALLIANCE BANCORPORATION.
  - Action: appointed
  - Role: Chairman
  source text: On April 6, 2022, the Board of Directors of the Company and the Bank each appointed Bruce Beach, currently the Lead Independent Director, as Chairman of the respective Boards, effective as of the date of the Company’s 2022 annual meeting of stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/0001212545-22-000099-index.htm
- Executive change
  Robert Sarver retired as Executive Chairman at WESTERN ALLIANCE BANCORPORATION.
  - Action: retired
  - Role: Executive Chairman
  source text: On April 1, 2022, Robert Sarver notified the Board of Directors of his decision to retire from his position of Executive Chairman of the Company and as a director of the Company and Western Alliance Bank (the “Bank”), both effective as of the date of the Company’s 2022 annual meeting of stockholders, which is scheduled to be held on June 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/0001212545-22-000099-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.