Christopher D. Blake - Feb 15, 2022 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: Pres. & CEO, Community Banking
Signature: /s/ Christopher Blake
Stock symbol: PACW
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 03:44 PM
Previous filing: Nov 9, 2021
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACW	Common Stock	Award	$0	+8.93K	+15.58%	$0.00	66.2K	Feb 15, 2022	Direct	F1
transaction	PACW	Common Stock	Award	$0	+5.39K	+8.14%	$0.00	71.6K	Feb 15, 2022	Direct	F2
holding	PACW	Common Stock						24.8K	Feb 15, 2022	By Family Trust
holding	PACW	Common Stock						281	Feb 15, 2022	By IRA
holding	PACW	Common Stock						222	Feb 15, 2022	By Spouse's IRA

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 15, 2022, Reporting Person was granted a restricted stock award ("RSA") of 8,927 shares of Issuer's common stock. This RSA will vest ratably over a four (4) year term.
F2	On February 6, 2019, Reporting Person was granted performance restricted stock units ("PRSUs"). Vesting of the PRSUs was conditioned upon the achievement of certain performance goals and an employment condition. On February 15, 2022, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 5,389 shares of Issuer's common stock. These shares of Issuer's common stock will vest on February 28, 2022 subject to Reporting Person's satisfaction of the employment condition.

Content

On February 15, 2022, Reporting Person was granted a restricted stock award ("RSA") of 8,927 shares of Issuer's common stock. This RSA will vest ratably over a four (4) year term.

On February 6, 2019, Reporting Person was granted performance restricted stock units ("PRSUs"). Vesting of the PRSUs was conditioned upon the achievement of certain performance goals and an employment condition. On February 15, 2022, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 5,389 shares of Issuer's common stock. These shares of Issuer's common stock will vest on February 28, 2022 subject to Reporting Person's satisfaction of the employment condition.