secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0001212545-22-000099
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/0001212545-22-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254522000099/wal-20220401.htm
  HTML page:      https://secwatch.observer/filing/0001212545-22-000099

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