4//SEC Filing
GARDNER STEVEN R 4
Accession 0001028918-25-000098
CIK 0001028918other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 4:26 PM ET
Size
17.6 KB
Accession
0001028918-25-000098
Insider Transaction Report
Form 4
GARDNER STEVEN R
DirectorPresident & CEO
Transactions
- Exercise/Conversion
PPBI Common Stock
2025-08-25+17,564→ 425,179 total - Exercise/Conversion
PPBI Restricted Stock Unit
2025-08-25−70,253→ 0 total→ PPBI Common Stock (70,253 underlying) - Exercise/Conversion
PPBI Restricted Stock Unit
2025-08-25−70,438→ 0 total→ PPBI Common Stock (70,438 underlying) - Tax Payment
PPBI Common Stock
2025-08-25$24.30/sh−156,463$3,802,051→ 268,716 total - Exercise/Conversion
PPBI Restricted Stock Unit
2025-08-25−60,814→ 0 total→ PPBI Common Stock (60,814 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2025-08-25−17,564→ 0 total→ PPBI Common Stock (17,564 underlying) - Exercise/Conversion
PPBI Common Stock
2025-08-25+201,505→ 407,615 total
Holdings
- 369,641(indirect: By Trust)
PPBI Common Stock
Footnotes (5)
- [F1]Represents the acquisition of 201,505 shares of common stock underlying Restricted Stock Units that were accelerated and fully vested in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2025, by and among Columbia Banking System, Inc. ("Columbia"), Pacific Premier Bancorp, Inc. (the "Issuer") and Balboa Merger Sub, Inc., pursuant to which the Issuer plans to merge with and into Columbia on or about September 1, 2025.
- [F2]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.
- [F3]Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock, restricted stock units and dividend equivalent rights previously issued. The accelerated vesting and the release of stock was in connection with the Merger Agreement.
- [F4]Each Restricted Stock Unit represents the right to receive one share of common stock. Performance metrics, terms and/or conditions to which these Restricted Stock Units were originally subject were deemed, pursuant to the Merger Agreement, to have been achieved or satisfied, as applicable, at the target levels.
- [F5]Not applicable.
Documents
Issuer
PACIFIC PREMIER BANCORP INC
CIK 0001028918
Entity typeother
Related Parties
1- filerCIK 0001267342
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 4:26 PM ET
- Size
- 17.6 KB