Edward Earl Wilcox - 09 Sep 2024 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
President & COO
Signature
/s/ Edward Wilcox
Issuer symbol
PPBI
Transactions as of
09 Sep 2024
Net transactions value
-$258,327
Form type
4
Filing time
10 Sep 2024, 17:58:54 UTC
Previous filing
19 Mar 2024
Next filing
26 Dec 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 Options Exercise $462,365 +30,499 +13% $15.16 261,091 09 Sep 2024 Direct F1
transaction PPBI PPBI Common Stock Sale $720,691 -30,499 -12% $23.63 230,592 09 Sep 2024 Direct F1, F2
holding PPBI PPBI Common Stock 25,347 09 Sep 2024 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 Options on PPBI Common Stock Options Exercise $0 -30,499 -100% $0.000000 0 09 Sep 2024 PPBI Common Stock 30,499 $15.16 Direct F4
holding PPBI PPBI Restricted Stock Unit 23,017 09 Sep 2024 PPBI Common Stock 23,017 Direct F5, F6
holding PPBI PPBI Restricted Stock Unit 34,123 09 Sep 2024 PPBI Common Stock 34,123 Direct F5, F6
holding PPBI PPBI Restricted Stock Unit 37,594 09 Sep 2024 PPBI Common Stock 37,594 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 68,016 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 $23.61 to $23.72, inclusive.
F3 Shares held by The Wilcox Family Trust, Edward and Kristen Wilcox, Trustees, the beneficiaries of which are the reporting person's children.
F4 The option vests in three equal annual installments beginning on 1/28/2016.
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.