Rebecca H. Cordes - Feb 15, 2022 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: EVP, Human Resources
Signature: /s/ Rebecca H. Cordes
Stock symbol: PACW
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 03:47 PM
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	+5.82K	+18.73%	$0.00	36.9K	Feb 15, 2022	Direct	F1
transaction	PACW	Common Stock	Award	$0	+2.82K	+7.65%	$0.00	39.7K	Feb 15, 2022	Direct	F2

* 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 5,822 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 2,822 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 5,822 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 2,822 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.