4//SEC Filing
Karr Michael S 4
Accession 0001028918-25-000064
CIK 0001028918other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 5:53 PM ET
Size
14.0 KB
Accession
0001028918-25-000064
Insider Transaction Report
Form 4
Karr Michael S
SVP Chief Credit Officer
Transactions
- Gift
PPBI Common Stock
2025-04-02+1,384→ 88,201 total(indirect: By Trust) - Tax Payment
PPBI Common Stock
2025-03-31$21.32/sh−1,616$34,453→ 32,041 total - Gift
PPBI Common Stock
2025-04-02−1,384→ 30,657 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) - 15,653
PPBI Restricted Stock Unit
→ PPBI Common Stock (15,653 underlying)
Footnotes (7)
- [F1]Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
- [F2]Includes 30,657 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.
- [F3]On April 2, 2025, the reporting person transferred 1,384 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.
- [F4]Shares held by The Karr Family Revocable Trust dated February 15, 2005.
- [F5]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.
- [F6]Not applicable.
- [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.
Documents
Issuer
PACIFIC PREMIER BANCORP INC
CIK 0001028918
Entity typeother
Related Parties
1- filerCIK 0001509690
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 5:53 PM ET
- Size
- 14.0 KB