Michael S. Karr - Dec 19, 2023 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP & Chief Risk Officer
Signature
/s/ Michael S. Karr
Stock symbol
PPBI
Transactions as of
Dec 19, 2023
Transactions value $
-$97,978
Form type
4
Date filed
12/21/2023, 04:58 PM
Previous filing
May 25, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Options Exercise $302K +19.9K +70.44% $15.16 48.2K Dec 19, 2023 Direct F1
transaction PPBI PPBI Common Stock Sale -$400K -13.6K -28.27% $29.35 34.6K Dec 19, 2023 Direct F1, F2
transaction PPBI PPBI Common Stock Gift $0 -6.3K -18.2% $0.00 28.3K Dec 21, 2023 Direct F1, F3
transaction PPBI PPBI Common Stock Gift $0 +6.3K +8.32% $0.00 81.9K Dec 21, 2023 The Karr Family Revocable Trust dated February 15, 2005 F3, F4

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 Options on PPBI Common Stock Options Exercise $0 -19.9K -100% $0.00* 0 Dec 19, 2023 PPBI Common Stock 19.9K $15.16 Direct F5
holding PPBI PPBI Restricted Stock Unit 9.48K Dec 19, 2023 PPBI Common Stock 9.48K Direct F6, F7
holding PPBI PPBI Restricted Stock Unit 5.75K Dec 19, 2023 PPBI Common Stock 5.75K Direct F6, F7
holding PPBI PPBI Restricted Stock Unit 14.1K Dec 19, 2023 PPBI Common Stock 14.1K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 28,285 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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.32 to $29.44, inclusive.
F3 On December 21, 2023, the reporting person transferred 6,295 directly owned shares of PPBI common stock to The Karr Family Revocable Trust dated February 15, 2005. The reporting person shares voting and disposition control over shares held by the Trust.
F4 Shares held by The Karr Family Revocable Trust dated February 15, 2005.
F5 The options vests in three equal annual installments beginning on 1/28/2016.
F6 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.
F7 Not applicable.