Kenneth A. Vecchione is the President and CEO of Western Alliance Bancorporation. He has a solid foundation in finance, holding a bachelor's degree from the State University of New York, and brings over 27 years of banking experience to the...

Number of Employees

3.26K

Year

2023

Total Compensation

$6.64M

Salary

$1.40M

Board Justification

The compensation philosophy emphasizes performance-based compensation to align executive pay with company performance and stockholder interests.

Bonus

$1.49M

Board Justification

The bonus amount reflects cash awards earned under the 2023 Annual Bonus Plan, based on fiscal year 2023 performance and paid to all of the NEOs in March 2024.

Other

$95.52K

Board Justification

Other compensation includes contributions to 401(k) and Restoration Plans, dividends on restricted shares, and a car allowance.

Restricted Stock

$3.65M(57.57K RSU)

Board Justification

The stock awards that vested in 2023 include restricted stock and performance-based stock units, with the total number of shares that vested being 57,574.

Performance Metrics

Performance metrics for the CEO's compensation include adjusted earnings per share, loan growth, deposit growth, and capital ratios.

SEC Filing

From April 24, 2024

Kenneth A. Vecchione

CEO of Western Alliance Bancorporation

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Education

Bachelor's degree in Accounting from the State University of New York in Albany.

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1955 - 70 years ago

Is Founder?

No

Current Tenure

6 years 9 months (Apr 2018 - Present)

Previous Experience

President of Western Alliance Bancorporation, Chief Operating Officer