Bryan Segedi
WESTERN ALLIANCE BANCORPORATIONAbout Bryan K. Segedi
Bryan K. Segedi, C.P.A., is an independent director of Western Alliance Bancorporation, age 65, serving since 2020. He is a former Deputy Global Vice Chair of Assurance at Ernst & Young with over 30 years in public accounting, and holds a B.A. in Business Administration (Alma College) and an M.B.A. in Management (Northwestern University) . He is designated by the Board as an Audit Committee Financial Expert under SEC rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ernst & Young LLP | Deputy Global Vice Chair (Assurance); Advisory Global Markets Leader; Americas Vice Chair; Vice Chair North Central Region; joined 1982 | 2000–2015 (various senior roles) | Led EY’s largest service line (77,000+ professionals; $12B revenue), extensive global leadership . |
| First National Bank of Chicago | Internal Auditor | 1981–1982 | Early finance/internal controls experience . |
| Arizona State University | Executive in Residence | 2015–2022 | Academic/industry engagement . |
External Roles
| Organization | Role | Tenure | Notes / Interlocks |
|---|---|---|---|
| Exelon Corporation (public) | Director; Chair of Audit Committee | Since 2024 | Current public company directorship; audit chair role underscores deep financial oversight expertise . |
| Conway MacKenzie (now part of Riveron) | Director | 2018–2023 | Private company board experience . |
| Alma College | Vice Chair, Board of Trustees | 2015–2023 | Non-profit governance . |
Board Governance
- Committee assignments and independence:
- Current: Audit Committee member; Compensation Committee member; Board has determined Audit Committee members are independent and financially literate; Mr. Segedi is an “audit committee financial expert” .
- 2024 service: Served on the Governance Committee and is independent .
- Attendance and engagement:
- In 2024, the Board held 9 meetings; each current director attended at least 75% of Board and assigned committee meetings; the Board held five executive sessions of independent directors . Committee meeting cadence in 2024: Audit (11), Compensation (8), Governance (7), Finance & Investment (8), Risk (8) .
- Board leadership: Independent Board Chair is Bruce D. Beach .
- Indemnification: Directors have indemnification agreements providing contractual assurance consistent with the Company’s charter and bylaws .
Fixed Compensation
| Component (Directors) | Amount/Details | Source |
|---|---|---|
| Annual Board Retainer (cash) | $50,000 | |
| Committee Service Retainers (cash) | Audit: $20,000; Compensation/Governance/Finance & Investment/Risk: $10,000 each (member) | |
| Committee Chair Retainers (cash) | $10,000 for each of Audit, Compensation, Finance & Investment, Governance, Risk (chair) | |
| 2024 Equity Grant | 4,056 shares of restricted stock (grant date Feb 6, 2024; vesting Feb 6, 2025) valued at $235,005 (grant-date fair value; ASC 718) | |
| Consultant/Benchmarking | Willis Towers Watson advised; program benchmarked to same peer set as NEOs |
2024 actual compensation (non-employee director):
| Name | Fees Earned ($) | Stock Awards ($) | All Other ($) | Total ($) |
|---|---|---|---|---|
| Bryan K. Segedi | 75,000 | 235,005 | 6,043 | 316,048 |
| Notes | Fees reflect retainer(s) and committee service; stock awards valued at grant-date fair value; “All Other” primarily dividends on unvested grants |
Observations: Equity comprised the majority of Mr. Segedi’s 2024 director compensation (stock awards $235,005 vs. cash fees $75,000), aligning with shareholder interests .
Performance Compensation
Directors’ equity is time-based restricted stock; there are no performance metrics for non-employee director equity grants.
| Item | Detail | Source |
|---|---|---|
| Grant Type | Restricted Stock (time-vested) | |
| Grant Date | Feb 6, 2024 | |
| Shares Granted | 4,056 | |
| Grant-Date Fair Value | $235,005 | |
| Vesting | Vests on Feb 6, 2025 | |
| Performance Metrics | None (time-based vesting) |
Other Directorships & Interlocks
| Company | Industry | Role/Committee | Potential Conflict Notes |
|---|---|---|---|
| Exelon Corporation | Utilities | Director; Audit Committee Chair | No related-party transactions involving Mr. Segedi disclosed by WAL for FY2024; independent auditor is RSM US LLP (no EY engagement), reducing auditor-related conflicts . |
Expertise & Qualifications
- CPA; 30+ years at EY with significant global leadership; deep finance, accounting, and controls expertise .
- Board/committee credentials: Audit Committee Financial Expert; active service on Audit and Compensation at WAL; prior service on Governance Committee enhances nomination/oversight perspective .
- Skills matrix indicates strengths in corporate strategy, risk management & controls, finance & accounting, public company governance (overview of matrix) .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent of Class |
|---|---|---|
| Bryan K. Segedi | 19,419 | * (<1%) |
| As of | April 14, 2025 (record date) | |
| Notes | Percent: an asterisk denotes less than 1% |
Stock ownership alignment and policies:
- Director Stock Ownership Guidelines: Minimum holding requirement equal to 5x annual cash compensation (based on six-month average share price); five-year transition period; in 2024, each director was in full compliance .
- Hedging and significant pledging of Company stock by directors/executives is prohibited, with narrow, pre-2019 or capacity-based exceptions; pledged shares excluded from guideline calculations and subject to caps .
Governance Assessment
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Strengths
- Independence, financial literacy, and Audit Committee Financial Expert designation support robust oversight of financial reporting and controls .
- High engagement: Board and committees met frequently in 2024; directors met at least the 75% attendance threshold; five independent executive sessions held .
- Alignment: Equity-heavy director pay and stringent ownership/anti-hedging policies; full compliance with stock ownership guidelines in 2024 .
- External audit leadership (Exelon audit chair) adds relevant oversight experience without auditor conflicts at WAL (auditor is RSM) .
-
Conflicts/Related-Party Exposure
- WAL reports no related-party transactions over $120,000 involving directors for 2024; director/officer lending occurs under Regulation O, ordinary course, market terms; Governance Committee oversees related-party policy approvals .
-
RED FLAGS
- None disclosed for Mr. Segedi: no pledging/hedging (policy prohibits), no material related-party transactions, attendance threshold met .