Tower Frank 4
4 · PACWEST BANCORP · Filed Mar 3, 2020
Insider Transaction Report
Form 4
PACWEST BANCORPPACW
Tower Frank
EVP, Banking
Transactions
- Tax Payment
Common Stock
2020-02-28$31.64/sh−1,990$62,964→ 59,135 total - Tax Payment
Common Stock
2020-02-28$31.64/sh−2,344$74,164→ 56,791 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 5,253 shares of restricted stock on February 28, 2020.
- [F2]Reflects market closing price on February 28, 2020.
- [F3]On February 15, 2017, 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 12, 2020, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 6,216 shares of Issuer's common stock to vest on February 28, 2020 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 6,216 shares of Issuer's common stock on February 28, 2020.