4//SEC Filing
Nicolas Ronald J. Jr. 4
Accession 0001028918-25-000041
CIK 0001028918other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 6:20 PM ET
Size
22.4 KB
Accession
0001028918-25-000041
Insider Transaction Report
Form 4
Nicolas Ronald J. Jr.
SEVP & CFO
Transactions
- Exercise/Conversion
PPBI Restricted Stock Unit
2025-03-15−20,309→ 0 total→ PPBI Common Stock (20,309 underlying) - Exercise/Conversion
PPBI Common Stock
2025-03-15+5,416→ 98,971 total - Gift
PPBI Common Stock
2025-03-18−34,107→ 65,692 total - Award
PPBI Restricted Stock Unit
2025-03-15+33,542→ 33,542 total→ PPBI Common Stock (33,542 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2025-03-15−828→ 0 total→ PPBI Common Stock (828 underlying) - Award
PPBI Common Stock
2025-03-15+33,542→ 93,555 total - Exercise/Conversion
PPBI Common Stock
2025-03-15+828→ 99,799 total
Holdings
- 33,171
PPBI Restricted Stock Unit
→ PPBI Common Stock (33,171 underlying) - 30,108
PPBI Restricted Stock Unit
→ PPBI Common Stock (30,108 underlying)
Footnotes (9)
- [F1]Restricted Stock with an evenly distributed 3-year vesting schedule.
- [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 5,416 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]Includes 65,692 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.
- [F5]On March 18, 2025, the reporting person transferred 34,107 directly owned shares of PPBI common stock to The Nicolas Living Trust under agreement date 8/8/2006 (the "Trust"), Ronald J. Nicolas, Jr., Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust.
- [F6]These shares are held by the The Nicolas Living Trust under agreement date 8/8/2006 (the "Trust"), Ronald J. Nicolas, Jr., 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"). 50% vesting will be based on the Company's average ROAA percentile performance as compared to KRX companies over the performance period.
- [F8]Not applicable.
- [F9]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.
Documents
Issuer
PACIFIC PREMIER BANCORP INC
CIK 0001028918
Entity typeother
Related Parties
1- filerCIK 0001406485
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 6:20 PM ET
- Size
- 22.4 KB