Tower Frank 4
4 · PACWEST BANCORP · Filed Feb 12, 2019
Insider Transaction Report
Form 4
PACWEST BANCORPPACW
Tower Frank
EVP, Banking
Transactions
- Tax Payment
Common Stock
2019-02-10$39.42/sh−2,857$112,623→ 47,277 total - Tax Payment
Common Stock
2019-02-10$39.42/sh−718$28,304→ 50,134 total
Footnotes (3)
- [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 2,362 shares of restricted stock on February 10, 2019.
- [F2]Reflects market closing price on February 8, 2019.
- [F3]On February 10, 2016, 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 6, 2019, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 9,493 shares of Issuer's common stock to vest on February 10, 2019 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 9,493 shares of Issuer's common stock on February 10, 2019.