Steven R. Gardner - Dec 19, 2022 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
Chairman, President & CEO, Director
Signature
/s/ Steven R. Gardner
Stock symbol
PPBI
Transactions as of
Dec 19, 2022
Transactions value $
-$3,239,255
Form type
4
Date filed
12/21/2022, 07:01 PM
Previous filing
Apr 1, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Sale -$3.24M -103K -21.79% $31.56 368K Dec 19, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PPBI PPBI Restricted Stock Unit 92.9K Dec 19, 2022 PPBI Common Stock 92.9K Direct F3, F4
holding PPBI PPBI Restricted Stock Unit 47.1K Dec 19, 2022 PPBI Common Stock 47.1K Direct F3, F4
holding PPBI PPBI Restricted Stock Unit 58.2K Dec 19, 2022 PPBI Common Stock 58.2K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.33 to $31.77, inclusive.
F2 Includes 120,559 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 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.
F4 Not applicable.