Michael S. Karr - Mar 31, 2024 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
Mar 31, 2024
Transactions value $
-$38,712
Form type
4
Date filed
4/2/2024, 04:47 PM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Tax liability -$38.7K -1.61K -4.74% $24.00 32.4K Mar 31, 2024 Direct F1, F2
transaction PPBI PPBI Common Stock Gift $0 -1.39K -4.28% $0.00 31K Apr 2, 2024 Direct F2, F3
transaction PPBI PPBI Common Stock Gift $0 +1.39K +1.57% $0.00 89.8K Apr 2, 2024 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
holding PPBI PPBI Restricted Stock Unit 9.48K Mar 31, 2024 PPBI Common Stock 9.48K Direct F5, F6
holding PPBI PPBI Restricted Stock Unit 14.1K Mar 31, 2024 PPBI Common Stock 14.1K Direct F5, F6
holding PPBI PPBI Restricted Stock Unit 15.5K Mar 31, 2024 PPBI Common Stock 15.5K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
F2 Includes 31,007 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 On April 2, 2024, the reporting person transferred 1,387 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 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.
F6 Not applicable.