BRYAN M. CORSINI - 28 Feb 2022 Form 4 Insider Report for PACWEST BANCORP (PACW)

Signature
/s/ Bryan Corsini
Issuer symbol
PACW
Transactions as of
28 Feb 2022
Transactions value $
-$182,508
Form type
4
Filing time
02 Mar 2022, 17:41:59 UTC
Previous filing
17 Feb 2022
Next filing
07 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACW Common Stock Tax liability -$120,535 -2,439 -2.9% $49.42 80,731 28 Feb 2022 Direct F1, F2
transaction PACW Common Stock Tax liability -$61,972 -1,254 -1.6% $49.42 79,477 28 Feb 2022 Direct F2, F3
* 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 9,943 shares of restricted stock on February 28, 2022.
F2 Reflects market closing price on February 28, 2022.
F3 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 5,131 shares of Issuer's common stock to vest on February 28, 2022 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 5,131 shares of Issuer's common stock on February 28, 2022.