Matthew P. Wagner - Feb 15, 2022 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: CEO and President, Director
Signature: /s/ Matthew Wagner
Stock symbol: PACW
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 03:58 PM
Previous filing: Feb 2, 2022
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	+20.5K	+1.92%	$0.00	1.09M	Feb 15, 2022	Direct	F1
holding	PACW	Common Stock						52.9K	Feb 15, 2022	By IRA
holding	PACW	Common Stock						17K	Feb 15, 2022	By Spouse	F2

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

Explanation of Responses:

Id	Content
F1	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 20,526 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.
F2	The Reporting Person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

Content

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 20,526 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.

The Reporting Person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.