4//SEC Filing
GARDNER STEVEN R 4
Accession 0001028918-24-000032
CIK 0001028918other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 7:17 PM ET
Size
19.6 KB
Accession
0001028918-24-000032
Insider Transaction Report
Form 4
GARDNER STEVEN R
DirectorPresident & CEO
Transactions
- Award
PPBI Common Stock
2024-03-15+60,814→ 530,099 total - Tax Payment
PPBI Common Stock
2024-03-15$22.61/sh−40,894$924,613→ 523,635 total - Award
PPBI Restricted Stock Unit
2024-03-15+60,814→ 60,814 total→ PPBI Common Stock (60,814 underlying) - Exercise/Conversion
PPBI Common Stock
2024-03-15+30,474→ 560,573 total - Exercise/Conversion
PPBI Common Stock
2024-03-15+3,956→ 564,529 total - Exercise/Conversion
PPBI Restricted Stock Unit
2024-03-15−47,067→ 0 total→ PPBI Common Stock (47,067 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2024-03-15−3,956→ 0 total→ PPBI Common Stock (3,956 underlying)
Holdings
- 70,253
PPBI Restricted Stock Unit
→ PPBI Common Stock (70,253 underlying) - 58,218
PPBI Restricted Stock Unit
→ PPBI Common Stock (58,218 underlying)
Footnotes (7)
- [F1]Restricted Stock with an evenly distributed 3-year vesting schedule.
- [F2]On March 15, 2021, Reporting Person was granted Restricted Stock Units which convert into common stock on a one-for-one basis, the vesting of which was conditioned upon the achievement of certain performance goals. On March 15, 2024, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 30,474 shares of common stock.
- [F3]Each dividend equivalent right is the economic equivalent of one share of common stock. Dividend equivalent rights accrue on the reporting person's Restricted Stock Units and become vested proportionately with the Restricted Stock Units.
- [F4]Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights.
- [F5]Includes 127,056 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.
- [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.
Documents
Issuer
PACIFIC PREMIER BANCORP INC
CIK 0001028918
Entity typeother
Related Parties
1- filerCIK 0001267342
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 7:17 PM ET
- Size
- 19.6 KB