Western Alliance Bancorporation CEO Kenneth Vecchione's 2020 pay rises 19% to $6.3M

Western Alliance Bancorporation reports 2020 executive compensation

By ExecPay News

Published: April 30, 2021

Western Alliance Bancorporation reported fiscal year 2020 executive compensation information on April 30, 2021.

In 2020, five executives at Western Alliance Bancorporation received on average a compensation package of $3.4M, a 16% increase compared to previous year.

Average pay of disclosed executives at Western Alliance Bancorporation

Kenneth Vecchione, Chief Executive Officer, received $6.3M in total, which increased by 19% compared to 2019. 40% of Vecchione's compensation, or $2.5M, was in non-equity incentive plan. Vecchione also received $1.2M in salary, $2.4M in stock awards, as well as $139K in other compensation.

For fiscal year 2020, the median employee pay was $109,540 at Western Alliance Bancorporation. Therefore, the ratio of Kenneth Vecchione's pay to the median employee pay was 57 to one.

Robert Sarver, Chairman, received a compensation package of $4.8M, which increased by 5% compared to previous year. 46% of the compensation package, or $2.2M, was in stock awards.

Dale Gibbons, Chief Financial Officer, earned $2.8M in 2020, a 8% increase compared to previous year.

Tim Boothe, Chief Operating Officer, received $1.7M in 2020.

Randall Theisen, General Counsel, earned $1.4M in 2020, a 5% increase compared to previous year.