MARK YUNG - 08 Feb 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: EVP, CHIEF OPERATING OFFICER
Signature: /s/ Angela M.W. Kelley, Attorney-in-Fact
Issuer symbol: PACW
Transactions as of: 08 Feb 2023
Transactions value $: $0
Form type: 4
Filing time: 10 Feb 2023, 15:16:25 UTC
Previous filing: 02 Jun 2022
Next filing: 02 Mar 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	Award	$0	+24.3K	+25.09%	$0.00	121K	08 Feb 2023	Direct	F1
transaction	PACW	Common Stock	Award	$0	+4.49K	+3.71%	$0.00	125K	08 Feb 2023	Direct	F2
holding	PACW	Common Stock						8.97K	08 Feb 2023	Yung Family Trust

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

Explanation of Responses:

Id	Content
F1	On February 8, 2023, Reporting Person was granted a restricted stock award ("RSA") of 24,270 shares of Issuer's common stock. This RSA will vest ratably over a three (3) year term.
F2	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 4,490 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.

Content

On February 8, 2023, Reporting Person was granted a restricted stock award ("RSA") of 24,270 shares of Issuer's common stock. This RSA will vest ratably over a three (3) year term.

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 4,490 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.