Edward Wilcox - Mar 15, 2023 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
President & COO
Signature
/s/ Edward Earl Wilcox
Stock symbol
PPBI
Transactions as of
Mar 15, 2023
Transactions value $
-$172,427
Form type
4
Date filed
3/17/2023, 07:56 PM
Previous filing
Feb 13, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Award $0 +34.1K +22.19% $0.00 188K Mar 15, 2023 Direct F1, F2
transaction PPBI PPBI Common Stock Tax liability -$172K -6.92K -3.68% $24.91 181K Mar 15, 2023 Direct F2
holding PPBI PPBI Common Stock 25.3K Mar 15, 2023 By Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PPBI PPBI Restricted Stock Unit Award $0 +34.1K $0.00 34.1K Mar 15, 2023 PPBI Common Stock 34.1K Direct F4, F5
holding PPBI PPBI Restricted Stock Unit 33.2K Mar 15, 2023 PPBI Common Stock 33.2K Direct F4, F5
holding PPBI PPBI Restricted Stock Unit 16.4K Mar 15, 2023 PPBI Common Stock 16.4K Direct F4, F5
holding PPBI PPBI Restricted Stock Unit 23K Mar 15, 2023 PPBI Common Stock 23K Direct F4, F5
holding PPBI Options on PPBI Common Stock 18.9K Mar 15, 2023 PPBI Common Stock 18.9K $15.68 Direct F6
holding PPBI Options on PPBI Common Stock 30.5K Mar 15, 2023 PPBI Common Stock 30.5K $15.16 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock with an evenly distributed 3-year vesting schedule.
F2 Includes 65,999 shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
F3 Shares held by The Wilcox Family Trust, Edward and Kristen Wilcox, Trustees, the beneficiaries of which are the reporting person's children.
F4 Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the targeted number of Restricted Stock Units that may vest, if at all, following the third anniversary of the date of grant upon confirmation of achievement of certain predetermined performance goals over a 3-year performance period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of the targeted amount. 50% vesting will be based on the Company's 3-year average relative total shareholder return percentile range compared to the Keefe, Bruyette & Woods, Inc. Regional Banking Index ("KRX"). 25% vesting will be based on the Company's average ROAA percentile performance as compared to KRX companies over the performance period. 25% vesting will be based on the Company's average ROATCE percentile performance as compared to the KRX companies over the performance period.
F5 Not applicable.
F6 The option vests in three equal annual installments beginning on 1/02/2015.
F7 The option vests in three equal annual installments beginning on 1/28/2016.