4//SEC Filing
RICE TOM 4
Accession 0001028918-24-000036
CIK 0001028918other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 7:18 PM ET
Size
22.9 KB
Accession
0001028918-24-000036
Insider Transaction Report
Form 4
RICE TOM
EVP & Chief Credit Officer
Transactions
- Exercise/Conversion
PPBI Common Stock
2024-03-15+3,720→ 52,085 total - Tax Payment
PPBI Common Stock
2024-03-15$22.61/sh−7,324$165,596→ 45,244 total - Award
PPBI Restricted Stock Unit
2024-03-15+15,480→ 15,480 total→ PPBI Common Stock (15,480 underlying) - Exercise/Conversion
PPBI Restricted Stock Unit
2024-03-15−5,746→ 0 total→ PPBI Common Stock (5,746 underlying) - Award
PPBI Common Stock
2024-03-15+15,480→ 48,365 total - Exercise/Conversion
PPBI Common Stock
2024-03-15+483→ 52,568 total - Gift
PPBI Common Stock
2024-03-19−6,637→ 38,607 total - Gift
PPBI Common Stock
2024-03-19+6,637→ 71,137 total(indirect: By Trust) - Exercise/Conversion
Dividend Equivalent Rights
2024-03-15−483→ 0 total→ PPBI Common Stock (483 underlying)
Holdings
- 9,477
PPBI Restricted Stock Unit
→ PPBI Common Stock (9,477 underlying) - 14,051
PPBI Restricted Stock Unit
→ PPBI Common Stock (14,051 underlying)
Footnotes (8)
- [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 3,720 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 36,007 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.
- [F6]On March 19, 2024, the reporting person transferred 6,637 directly owned shares of PPBI common stock to the Rice Family Trust, dated March 28, 2018 (the "Trust"), Tom Rice, Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust.
- [F7]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.
- [F8]Not applicable.
Documents
Issuer
PACIFIC PREMIER BANCORP INC
CIK 0001028918
Entity typeother
Related Parties
1- filerCIK 0001576227
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 7:18 PM ET
- Size
- 22.9 KB