4//SEC Filing
Karr Michael S 4
Accession 0001028918-25-000040
CIK 0001028918other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 6:20 PM ET
Size
23.9 KB
Accession
0001028918-25-000040
Insider Transaction Report
Form 4
Karr Michael S
SVP Chief Credit Officer
Transactions
- Exercise/Conversion
PPBI Common Stock
2025-03-15+387→ 49,574 total - Gift
PPBI Common Stock
2025-03-18−7,343→ 33,657 total - Exercise/Conversion
PPBI Common Stock
2025-03-15+2,527→ 49,187 total - Award
PPBI Common Stock
2025-03-15+15,653→ 46,660 total - Award
PPBI Restricted Stock Unit
2025-03-15+15,653→ 15,653 total→ PPBI Common Stock (15,653 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2025-03-15−387→ 0 total→ PPBI Common Stock (387 underlying) - Exercise/Conversion
PPBI Restricted Stock Unit
2025-03-15−9,477→ 0 total→ PPBI Common Stock (9,477 underlying) - Tax Payment
PPBI Common Stock
2025-03-15$22.36/sh−8,574$191,715→ 41,000 total
Holdings
- 14,051
PPBI Restricted Stock Unit
→ PPBI Common Stock (14,051 underlying) - 15,480
PPBI Restricted Stock Unit
→ PPBI Common Stock (15,480 underlying)
Footnotes (10)
- [F1]Restricted Stock with an evenly distributed 3-year vesting schedule.
- [F10]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.
- [F2]On March 15, 2022, 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, 2025, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 2,527 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 33,657 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 18, 2025, the reporting person transferred 7,343 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.
- [F7]Shares held by The Karr Family Revocable Trust dated February 15, 2005.
- [F8]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"). 50% vesting will be based on the Company's average ROAA percentile performance as compared to KRX companies over the performance period.
- [F9]Not applicable.
Documents
Issuer
PACIFIC PREMIER BANCORP INC
CIK 0001028918
Entity typeother
Related Parties
1- filerCIK 0001509690
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 6:20 PM ET
- Size
- 23.9 KB