MATTHEW P. WAGNER - 31 Jan 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role
EXECUTIVE CHAIRMAN, Director
Signature
/s/ Angela M.W. Kelley, Attorney-in-Fact
Issuer symbol
PACW
Transactions as of
31 Jan 2023
Transactions value $
-$2,211,915
Form type
4
Filing time
01 Feb 2023, 15:47:14 UTC
Previous filing
12 Dec 2022
Next filing
10 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACW Common Stock Tax liability -$884,760 -31,987 -3.2% $27.66 953,374 31 Jan 2023 Direct F1, F2
transaction PACW Common Stock Tax liability -$1,327,154 -47,981 -5% $27.66 905,393 31 Jan 2023 Direct F2, F3
holding PACW Common Stock 52,925 31 Jan 2023 By IRA
holding PACW Common Stock 17,003 31 Jan 2023 By Spouse F4
holding PACW Depositary Shares of Series A Preferred Stock 20,000 31 Jan 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 78,000 shares of restricted stock on January 31, 2023.
F2 Reflects market closing price on January 31, 2023.
F3 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 117,000 shares of restricted stock on January 31, 2023 following a determination of satisfaction of continued service, and certain succession, platform, and other conditions.
F4 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.