WAGNER MATTHEW P 4
4 · PACWEST BANCORP · Filed Mar 2, 2021
Insider Transaction Report
Form 4
PACWEST BANCORPPACW
WAGNER MATTHEW P
DirectorCEO
Transactions
- Tax Payment
Common Stock
2021-02-28$36.24/sh−2,971$107,669→ 1,101,162 total - Tax Payment
Common Stock
2021-02-28$36.24/sh−13,358$484,094→ 1,104,133 total
Holdings
- 17,003(indirect: By Spouse)
Common Stock
- 52,925(indirect: By IRA)
Common Stock
Footnotes (4)
- [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 33,513 shares of restricted stock on February 28, 2021.
- [F2]Reflects market closing price on February 26, 2021.
- [F3]On February 14, 2018, 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 17, 2021, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 7,471 shares of Issuer's common stock to vest on February 28, 2021 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 7,471 shares of Issuer's common stock on February 28, 2021.
- [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.