Stanley R. Ivie - Feb 8, 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: EVP, CHIEF RISK OFFICER
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, 03:15 PM
Previous filing: Mar 17, 2022
Next filing: Feb 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACW	Common Stock	Award	$0	+11.4K	+17.01%	$0.00	78.3K	Feb 8, 2023	Direct	F1
transaction	PACW	Common Stock	Award	$0	+1.68K	+2.15%	$0.00	80K	Feb 8, 2023	Direct	F2

* 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 11,377 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 1,684 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 11,377 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 1,684 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.