Tom Rice - 30 Nov 2023 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP/ Chief Innovation Officer
Signature
/s/ Tom Rice
Issuer symbol
PPBI
Transactions as of
30 Nov 2023
Net transactions value
-$342,948
Form type
4
Filing time
01 Dec 2023, 17:15:49 UTC
Previous filing
04 Apr 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Sale $342,948 -15,168 -19% $22.61 64,500 30 Nov 2023 By The Rice Family Trust
holding PPBI PPBI Common Stock 32,885 30 Nov 2023 Direct F1

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
holding PPBI PPBI Restricted Stock Unit 5,746 30 Nov 2023 PPBI Common Stock 5,746 Direct F2, F3
holding PPBI PPBI Restricted Stock Unit 9,477 30 Nov 2023 PPBI Common Stock 9,477 Direct F2, F3
holding PPBI PPBI Restricted Stock Unit 14,051 30 Nov 2023 PPBI Common Stock 14,051 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 30,285 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.
F2 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.
F3 Not applicable.