Fiscal year 2022 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses PACW in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PACW in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Paul Taylor | $418,846 | $0 | $3,279,144 | $0 | $904,517 | $0 | $130,307 | $4,732,814 |
| President | ||||||||
| Matthew Wagner | 1,000,000 | 0 | 0 | 0 | 2,680,050 | 0 | 590,122 | 4,270,172 |
| Chief Executive Officer | ||||||||
| Mark Yung | 800,000 | 0 | 1,674,895 | 0 | 1,340,025 | 0 | 133,726 | 3,948,646 |
| Executive Vice President, Chief Operating Officer | ||||||||
| William Black | 800,000 | 0 | 1,256,138 | 0 | 1,072,020 | 0 | 147,423 | 3,275,581 |
| Executive Vice President, Strategy and Corporate Development | ||||||||
| Bart Olson | 550,000 | 0 | 1,151,502 | 0 | 737,014 | 0 | 91,456 | 2,529,972 |
| Former Executive Vice President, Chief Financial Officer | ||||||||
| Kevin Thompson | 28,846 | 400,000 | 487,389 | 0 | 0 | 0 | 31,953 | 948,188 |
| Executive Vice President, Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2022 total | FY2021 total | FY2020 total | Δ FY2021→2022 |
|---|---|---|---|---|
| Paul Taylor | $4,732,814 | — | — | — |
| Matthew Wagner | 4,270,172 | — | — | — |
| Mark Yung | 3,948,646 | — | — | — |
| William Black | 3,275,581 | — | — | — |
| Bart Olson | 2,529,972 | — | — | — |
| Kevin Thompson | 948,188 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Bart Olson | PSU | 2022-02-15 | — | 2,947 | — | 5,894 | $192,528 |
| Mark Yung | PSU | 2022-02-15 | — | 10,764 | — | 21,528 | 549,502 |
| Mark Yung | PSU | 2022-02-15 | — | 4,286 | — | 8,572 | 280,005 |
| Paul Taylor | RSU | 2022-07-01 | — | — | 59,773 | — | 1,629,412 |
| Bart Olson | RSU | 2022-02-15 | — | — | 11,385 | — | 581,204 |
| William Black | PSU | 2022-02-15 | — | 3,214 | — | 6,428 | 209,971 |
| William Black | PSU | 2022-02-15 | — | 8,073 | — | 16,146 | 412,127 |
| Kevin Thompson | RSU | 2022-11-28 | — | — | 19,519 | — | 487,389 |
| Paul Taylor | PSU | 2022-07-01 | — | 38,852 | — | 77,704 | 1,059,106 |
| William Black | RSU | 2022-02-15 | — | — | 12,420 | — | 634,040 |
| Bart Olson | PSU | 2022-02-15 | — | 7,400 | — | 14,800 | 377,770 |
| Paul Taylor | PSU | 2022-07-01 | — | 37,788 | — | 75,576 | 590,626 |
| Mark Yung | RSU | 2022-02-15 | — | — | 16,560 | — | 845,388 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Bart Olson | $581,204 | $570,298 | $0 | 49.5% |
| Mark Yung | 845,388 | 829,507 | 0 | 49.5% |
| Paul Taylor | 1,629,412 | 1,649,732 | 0 | 50.3% |
| William Black | 634,040 | 622,098 | 0 | 49.5% |
| Kevin Thompson | 487,389 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| William Black | RSU | 63,080 | — | $1,447,686 |
| William Black | PSU | 27,000 | — | 619,650 |
| Paul Taylor | RSU | 59,773 | — | 1,371,790 |
| Matthew Wagner | PSU | 509,900 | — | 11,702,205 |
| Bart Olson | PSU | 31,508 | — | 723,109 |
| Kevin Thompson | RSU | 19,519 | — | 447,961 |
| Mark Yung | RSU | 46,062 | — | 1,057,123 |
| Paul Taylor | PSU | 76,640 | — | 1,758,888 |
| Matthew Wagner | RSU | 186,568 | — | 4,281,736 |
| Mark Yung | PSU | 58,347 | — | 1,339,064 |
| Bart Olson | RSU | 29,404 | — | 674,822 |
The Compensation Committee has established four key principles: align executive officers' interests with stockholders' interests; pay for performance by linking pay to short- and long-term business goals; attract and retain capable executive officers through competitive compensation benchmarked against the peer group; and mitigate undue risk through program design features including clawback policies, anti-hedging/pledging restrictions, and maximum payout caps.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | F.W. Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2022 | 2022-05-10 | 19,984,241 | 78,200,807 | 1,807,247 | 20.35% | Failed |
| 2021 | 2021-05-11 | 34,452,647 | 53,439,346 | 5,526,100 | 36.88% | Failed |
| 2020 | 2020-05-12 | 72,764,678 | 16,519,799 | 820,421 | 81.5% | Passed |
| 2019 | 2019-05-13 | 77,600,230 | 20,013,075 | 764,361 | 79.5% | Passed |
| 2018 | 2018-05-14 | 98,861,431 | 3,808,334 | 408,782 | 96.29% | Passed |
| 2017 | 2017-05-15 | 100,782,351 | 3,007,164 | 503,338 | 96.63% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2022 | 2022-05-10 | 20.35%a |
| 2021 | 2021-05-11 | 36.88%b |
| 2020 | 2020-05-12 | 81.5%c |
a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "against" this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "against" these proposals.”.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 44 : 1 |
|---|---|
| CEO total compensation | $4,270,172 |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John M. Eggemeyer, IIIIndependent · Lead Independent Director · Executive · Risk (Chair) · CEO Succession (Chair) | $182,000 | $113,975 | $0 | $0 | $140,615 | $436,590 |
| Susan E. LesterIndependent · Audit (Chair) · Executive · Finance · CEO Succession | 166,000 | 74,987 | 0 | 0 | — | 240,987 |
| Robert A. StineIndependent · Departed during FY | 139,000 | 74,972 | 0 | 0 | — | 213,972 |
| Paul R. BurkeIndependent · Executive · Finance (Chair) · Risk · CEO Succession | 126,000 | 74,987 | 0 | 0 | — | 200,987 |
| Craig A. CarlsonIndependent · Audit · Risk · CEO Succession | 116,000 | 74,987 | 0 | 0 | — | 190,987 |
| Roger H. MolvarIndependent · Audit · Compensation (Chair) · Executive | 106,000 | 74,987 | 0 | 0 | — | 180,987 |
| C. William HoslerIndependent · Audit · Executive · Finance · Nominating/Governance (Chair) | 96,000 | 74,987 | 0 | 0 | — | 170,987 |
| Polly B. JessenIndependent · Compensation · Nominating/Governance | 86,000 | 74,987 | 0 | 0 | — | 160,987 |
| Tanya M. AckerIndependent · Compensation · Nominating/Governance | 86,000 | 74,987 | 0 | 0 | — | 160,987 |
| Paul W. TaylorEmployee director · Executive · Finance · Risk · CEO Succession | 0 | 0 | 0 | — | — | 117,987 |
| Stephanie B. MudickIndependent · Compensation · Risk · Newly elected | 43,000 | 56,229 | 0 | 0 | — | 99,229 |
| Daniel B. PlattIndependent · Not standing for re-election · Departed during FY | 43,000 | — | 0 | 0 | — | 43,000 |
| Matthew P. WagnerEmployee director · Board Chair · Executive (Chair) · Finance · Risk | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $86,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 114,000 / 114,000 |
| Stock ownership guideline | 5x annual cash retainer ($430,000) |
| Component | FY2022 |
|---|---|
| Cash retainers and fees | $1,189,000 |
| Equity awards (grant-date value) | $770,085 |
| All other compensation | $140,615 |
| Total cost of the board | $2,099,700 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | PacWest Bancorp | 2022 | Matthew Wagner | $1,000,000 | $0 | $0 | $2,680,050 | $4,270,172 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Paul Taylor | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Summary compensation table” · page 58. As printed: 4,732,814. Filing ↗machine: r9 · c27 · span 882099–882108 |
| 2 | Section 01, Matthew Wagner | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Summary compensation table” · page 58. As printed: 4,270,172. Filing ↗machine: r2 · c27 · span 863826–863835 |
| 3 | Section 01, Mark Yung | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Summary compensation table” · page 58. As printed: 3,948,646. Filing ↗machine: r10 · c27 · span 885056–885065 |
| 4 | Section 01, William Black | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Summary compensation table” · page 58. As printed: 3,275,581. Filing ↗machine: r6 · c27 · span 874628–874637 |
| 5 | Section 01, Bart Olson | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Summary compensation table” · page 58. As printed: 2,529,972. Filing ↗machine: r13 · c27 · span 892636–892645 |
| 6 | Section 01, Kevin Thompson | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Summary compensation table” · page 58. As printed: 948,188. Filing ↗machine: r5 · c27 · span 871466–871473 |
| 7 | Section 03, Bart Olson PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r18 · c5 · span 932847–932852 |
| 8 | Section 03, Mark Yung PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r13 · c9 · span 925879–925886 |
| 9 | Section 03, Mark Yung PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r14 · c6 · span 926884–926889 |
| 10 | Section 03, Paul Taylor RSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t109 · r5 · c4 · span 803039–803045 |
| 11 | Section 03, Bart Olson RSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t109 · r7 · c4 · span 806416–806422 |
| 12 | Section 03, William Black PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r6 · c8 · span 915669–915676 |
| 13 | Section 03, William Black PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r5 · c9 · span 914137–914144 |
| 14 | Section 03, Kevin Thompson RSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t109 · r3 · c4 · span 799463–799469 |
| 15 | Section 03, Paul Taylor PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r9 · c9 · span 920022–920031 |
| 16 | Section 03, William Black RSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r7 · c8 · span 916868–916875 |
| 17 | Section 03, Bart Olson PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r17 · c9 · span 931865–931872 |
| 18 | Section 03, Paul Taylor PSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t121 · r10 · c5 · span 921006–921012 |
| 19 | Section 03, Mark Yung RSU | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “2022 grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t109 · r6 · c4 · span 804676–804682 |
| 20 | Section 07, pay ratio | DEF 14A | — | 0001628280-23-009023 | Section “CEO Pay Ratio”. As printed: 44 : 1.machine: span 848499–848503 |
| 21 | Section 08, John M. Eggemeyer, III | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 436,590. Filing ↗machine: t75 · r5 · c4 · span 561670–561677 |
| 22 | Section 08, Susan E. Lester | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 240,987. Filing ↗machine: t75 · r8 · c4 · span 565327–565334 |
| 23 | Section 08, Robert A. Stine | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 213,972. Filing ↗machine: t75 · r12 · c4 · span 570892–570899 |
| 24 | Section 08, Paul R. Burke | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 200,987. Filing ↗machine: t75 · r3 · c4 · span 558966–558973 |
| 25 | Section 08, Craig A. Carlson | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 190,987. Filing ↗machine: t75 · r4 · c4 · span 560186–560193 |
| 26 | Section 08, Roger H. Molvar | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 180,987. Filing ↗machine: t75 · r9 · c4 · span 566546–566553 |
| 27 | Section 08, C. William Hosler | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 170,987. Filing ↗machine: t75 · r6 · c4 · span 562890–562897 |
| 28 | Section 08, Polly B. Jessen | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 160,987. Filing ↗machine: t75 · r7 · c4 · span 564108–564115 |
| 29 | Section 08, Tanya M. Acker | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 160,987. Filing ↗machine: t75 · r2 · c4 · span 557749–557756 |
| 30 | Section 08, Paul W. Taylor | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 117,987. Filing ↗machine: t75 · r13 · c4 · span 572396–572402 |
| 31 | Section 08, Stephanie B. Mudick | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 99,229. Filing ↗machine: t75 · r10 · c4 · span 567991–567997 |
| 32 | Section 08, Daniel B. Platt | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 43,000. Filing ↗machine: t75 · r11 · c1 · span 568716–568722 |
| 33 | Section 08, Matthew P. Wagner | DEF 14A | 2023-03-23 | 0001628280-23-009023 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 34 | Section 06, 2022 vote | Form 8-K | 2022-05-13 | 0001104659-22-060437 | Item 5.07 · say-on-pay result. As reported: 20.35%. Filing ↗ |
| 35 | Section 06, 2021 vote | Form 8-K | 2021-05-12 | 0001104659-21-064864 | Item 5.07 · say-on-pay result. As reported: 36.88%. Filing ↗ |
| 36 | Section 06, 2020 vote | Form 8-K | 2020-05-14 | 0001104659-20-060971 | Item 5.07 · say-on-pay result. As reported: 81.5%. Filing ↗ |
| 37 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 38 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,189,000 + equity 770,085 + all other 140,615 = 2,099,700, summed across the director compensation table rows.machine: formula: Σ = 2,099,700 |
| 39 | PacWest Bancorp (subject), Section 10b CEO total | DEF 14A | 2023-03-23 | 0001628280-23-009023 | CEO total compensation as printed in PacWest Bancorp's own proxy. As printed: 4,270,172. Filing ↗machine: r2 · c27 · span 863826–863835 |