Matthew P. Wagner - Feb 8, 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: EXECUTIVE CHAIRMAN, Director
Signature: /s/ Angela M.W. Kelley, Attorney-in-Fact
Stock symbol: PACW
Transactions as of: Feb 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/10/2023, 03:16 PM
Previous filing: Feb 1, 2023
Next filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACW	Common Stock	Award	$0	+8.43K	+0.93%	$0.00	914K	Feb 8, 2023	Direct	F1
holding	PACW	Common Stock						52.9K	Feb 8, 2023	By IRA
holding	PACW	Common Stock						17K	Feb 8, 2023	By Spouse	F2
holding	PACW	Depositary Shares of Series A Preferred Stock						20K	Feb 8, 2023	Direct

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

Explanation of Responses:

Id	Content
F1	On February 12, 2020, 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 8, 2023, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 8,426 shares of Issuer's common stock. These shares of Issuer's common stock will vest on February 28, 2023 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 12, 2020, 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 8, 2023, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 8,426 shares of Issuer's common stock. These shares of Issuer's common stock will vest on February 28, 2023 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.