4//SEC Filing
GARDNER STEVEN R 4
Accession 0001028918-25-000052
CIK 0001028918other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 6:22 PM ET
Size
21.7 KB
Accession
0001028918-25-000052
Insider Transaction Report
Form 4
GARDNER STEVEN R
DirectorPresident & CEO
Transactions
- Exercise/Conversion
PPBI Common Stock
2025-03-15+2,374→ 241,894 total - Award
PPBI Restricted Stock Unit
2025-03-15+70,438→ 70,438 total→ PPBI Common Stock (70,438 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2025-03-15−2,374→ 0 total→ PPBI Common Stock (2,374 underlying) - Award
PPBI Common Stock
2025-03-15+70,438→ 223,994 total - Tax Payment
PPBI Common Stock
2025-03-15$22.36/sh−35,784$800,130→ 206,110 total - Exercise/Conversion
PPBI Common Stock
2025-03-15+15,526→ 239,520 total - Exercise/Conversion
PPBI Restricted Stock Unit
2025-03-15−58,218→ 0 total→ PPBI Common Stock (58,218 underlying)
Holdings
- 70,253
PPBI Restricted Stock Unit
→ PPBI Common Stock (70,253 underlying) - 369,641(indirect: By Trust)
PPBI Common Stock
- 60,814
PPBI Restricted Stock Unit
→ PPBI Common Stock (60,814 underlying)
Footnotes (9)
- [F1]Restricted Stock with an evenly distributed 3-year vesting schedule.
- [F2]Reflects an adjustment to the total number of shares previously reported by the reporting person after a reconciliation of such person's ownership records. Previously, the aggregate beneficial ownership in column 5 of Table I was inadvertently overreported by 438 shares. Additionally, shares held by the Gardner Family Trust were previously inadvertently reported as directly beneficially owned by the reporting person and are now reported as indirectly beneficially owned.
- [F3]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 15,526 shares of common stock
- [F4]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.
- [F5]Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights.
- [F6]Includes 134,398 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.
- [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 0001267342
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 6:22 PM ET
- Size
- 21.7 KB