Form 4: Pacific Premier Bancorp Director Jeff Jones Reports Changes in Beneficial Ownership

Director Jeff Jones reports stock transactions including acquisition and disposal of PPBI common stock, as well as a transfer of shares to the Jeff and Allison Jones Family Trust.

Summary

• On March 15, 2024, Jeff Jones acquired 3,317 shares of PPBI common stock.
• These shares were acquired as restricted stock that vests fully on the first anniversary of the grant date.
• Following this transaction, Jones directly owned 11,503 shares, including restricted stock.
• On March 19, 2024, Jones transferred 3,011 directly owned shares to the Jeff and Allison Jones Family Trust.
• After the transfer, Jones directly owns 8,492 shares and indirectly owns 135,045 shares through the family trust.
• Jones also holds options on 7,500 shares of PPBI common stock with an exercise price of $15.16, vesting in three equal annual installments beginning on January 28, 2016.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in the financial industry.

Related Party Transactions

• The transfer of 3,011 shares to the Jeff and Allison Jones Family Trust is a related party transaction.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates