Tom Rice - Nov 30, 2023 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP/ Chief Innovation Officer
Signature
/s/ Tom Rice
Stock symbol
PPBI
Transactions as of
Nov 30, 2023
Transactions value $
-$342,948
Form type
4
Date filed
12/1/2023, 05:15 PM
Previous filing
Apr 4, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Sale -$343K -15.2K -19.04% $22.61 64.5K Nov 30, 2023 By The Rice Family Trust
holding PPBI PPBI Common Stock 32.9K Nov 30, 2023 Direct F1

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 5.75K Nov 30, 2023 PPBI Common Stock 5.75K Direct F2, F3
holding PPBI PPBI Restricted Stock Unit 9.48K Nov 30, 2023 PPBI Common Stock 9.48K Direct F2, F3
holding PPBI PPBI Restricted Stock Unit 14.1K Nov 30, 2023 PPBI Common Stock 14.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 30,285 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.
F2 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.
F3 Not applicable.