Sundar PichaiSundar Pichai earned $164M in 2023

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...

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Kenneth A. Vecchione

Ex-CEO of Western Alliance Bancorporation

Education

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

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1955 - 70 years ago

CEO of Western Alliance Bancorporation for

6 years 8 months (Apr 2018 - Dec 2024)

Previous Experience

President of Western Alliance Bancorporation, Chief Operating Officer

Holdings

See how much did Kenneth A. Vecchione make over time.

Kenneth Vecchione's insider trading reflects a significant commitment to Western Alliance Bancorporation. Over the years, his holdings have fluctuated, with peak value reaching $39.12 million in November 2021, illustrating his confidence in the company. Following this, his holdings gradually adjusted...

Mar 17, 2025

Total Stock Sold

$2.64M

WAL

$2.64M

61,000 WAL shares

What if they kept their stock?

If Kenneth A. Vecchione didn't sell their stock, today they would have:
Extra WAL61,000 shares worth $2.62M.
This is -0.77% and $20.43K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Kenneth A. Vecchione.

WAL

10,485 shares

WAL

Feb 6, 2025

Received

WAL

29,862 shares

WAL

Feb 15, 2024

Received

WAL

12,945 shares

WAL

Feb 6, 2024

Received

WAL

38,249 shares

WAL

Feb 16, 2023

Received

WAL

34,732 shares

WAL

Feb 7, 2023

Received

WAL

50,962 shares

WAL

Feb 22, 2022

Received

WAL

76 shares

WAL

Feb 16, 2022

Received

WAL

15,871 shares

WAL

Feb 8, 2022

Received

WAL

$549.60K

WAL at $98.14/share

Jan 31, 2022

Purchase

WAL

37,606 shares

WAL

Feb 25, 2021

Received

Compensation History

See how much did Kenneth A. Vecchione make over time.

In 2023, Kenneth Vecchione's total compensation at Western Alliance Bancorporation hit approximately $2.89 million, including a salary of $1.4 million, a bonus of around $1.49 million reflecting company performance, and additional benefits. His compensation has varied significantly over the years; for instance, in 2022, he earned over $8.4 million. The performance metrics for his bonuses included critical aspects like adjusted earnings per share and loan growth, which underline the necessity for strong performance from the executive team. Vecchione's strategic approach focuses on performance-based compensation, confirming a philosophy that links pay directly to the firm's success and shareholder value. This approach not only motivates strong performance but also attracts and retains top talent in a competitive market.

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.