Michael S. Karr - 17 Dec 2024 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP & Chief Risk Officer
Signature
/s/ Michael S. Karr
Issuer symbol
PPBI
Transactions as of
17 Dec 2024
Net transactions value
-$276,492
Form type
4
Filing time
19 Dec 2024, 12:50:04 UTC
Previous filing
02 Apr 2024
Next filing
18 Mar 2025
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 $276,492 -10,290 -11% $26.87 79,474 17 Dec 2024 The Karr Family Revocable Trust dated February 15, 2005 F1, F2
holding PPBI PPBI Common Stock 31,007 17 Dec 2024 Direct 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
holding PPBI PPBI Restricted Stock Unit 9,477 17 Dec 2024 PPBI Common Stock 9,477 Direct F4, F5
holding PPBI PPBI Restricted Stock Unit 14,051 17 Dec 2024 PPBI Common Stock 14,051 Direct F4, F5
holding PPBI PPBI Restricted Stock Unit 15,480 17 Dec 2024 PPBI Common Stock 15,480 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.85 to $26.92, inclusive.
F2 Shares held by The Karr Family Revocable Trust dated February 15, 2005.
F3 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.
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.