Rebecca H. Cordes - Feb 28, 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role
EVP, HUMAN RESOURCES
Signature
/s/ Angela M.W. Kelley, Attorney-in-Fact
Stock symbol
PACW
Transactions as of
Feb 28, 2023
Transactions value $
-$86,525
Form type
4
Date filed
3/2/2023, 03:31 PM
Previous filing
Feb 10, 2023
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACW Common Stock Tax liability -$77.3K -2.79K -5.96% $27.75 43.9K Feb 28, 2023 Direct F1, F2
transaction PACW Common Stock Tax liability -$9.24K -333 -0.76% $27.75 43.6K Feb 28, 2023 Direct F2, F3
holding PACW Depositary Shares of Series A Preferred Stock 10K Feb 28, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the vesting of 9,685 shares of restricted stock on February 28, 2023.
F2 Reflects market closing price on February 28, 2023.
F3 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 1,157 shares of Issuer's common stock to vest on February 28, 2023 subject to the Reporting Person's satisfaction of the employment condition. The amount reported in column 4 represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the vesting of the 1,157 shares of Issuer's common stock on February 28, 2023.