CORSINI BRYAN M 4
4 · PACWEST BANCORP · Filed Mar 2, 2022
Insider Transaction Report
Form 4
PACWEST BANCORPPACW
CORSINI BRYAN M
EVP, Chief Credit Officer
Transactions
- Tax Payment
Common Stock
2022-02-28$49.42/sh−1,254$61,973→ 79,477 total - Tax Payment
Common Stock
2022-02-28$49.42/sh−2,439$120,535→ 80,731 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 9,943 shares of restricted stock on February 28, 2022.
- [F2]Reflects market closing price on February 28, 2022.
- [F3]On February 6, 2019, 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 15, 2022, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 5,131 shares of Issuer's common stock to vest on February 28, 2022 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 5,131 shares of Issuer's common stock on February 28, 2022.