| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PPBI | PPBI Common Stock | Options Exercise | +96.3K | +22.75% | 520K | Mar 31, 2023 | Direct | F1 | ||
| transaction | PPBI | PPBI Common Stock | Options Exercise | +10.8K | +2.08% | 530K | Mar 31, 2023 | Direct | F2 | ||
| transaction | PPBI | PPBI Common Stock | Tax liability | -$1.47M | -61.2K | -11.53% | $24.02 | 469K | Mar 31, 2023 | Direct | F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PPBI | PPBI Restricted Stock Unit | Options Exercise | $0 | -92.9K | -100% | $0.00* | 0 | Mar 31, 2023 | PPBI Common Stock | 92.9K | Direct | F1, F5, F6 | |
| transaction | PPBI | Dividend Equivalent Rights | Options Exercise | -10.8K | -100% | 0 | Mar 31, 2023 | PPBI Common Stock | 10.8K | Direct | F2, F6 | |||
| holding | PPBI | PPBI Restricted Stock Unit | 47.1K | Mar 31, 2023 | PPBI Common Stock | 47.1K | Direct | F5, F6 | ||||||
| holding | PPBI | PPBI Restricted Stock Unit | 58.2K | Mar 31, 2023 | PPBI Common Stock | 58.2K | Direct | F5, F6 | ||||||
| holding | PPBI | PPBI Restricted Stock Unit | 70.3K | Mar 31, 2023 | PPBI Common Stock | 70.3K | Direct | F5, F6 |
| Id | Content |
|---|---|
| F1 | On March 31, 2020, 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 31, 2023, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 96,307 shares of common stock. |
| 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 | Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights. |
| F4 | Includes 124,754 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 | 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. |