Form 4: Pacific Premier Bancorp Director Mitchell M Christian Reports Changes in Beneficial Ownership

Director Mitchell M Christian reports acquisition and disposal of PPBI common stock, including restricted stock, in a recent SEC Form 4 filing.

Summary

• On March 15, 2024, Mitchell M Christian, a director of Pacific Premier Bancorp Inc. (PPBI), reported changes in beneficial ownership of the company's common stock.
• The transactions involved the acquisition of 4,423 shares of PPBI common stock and a disposal of shares.
• Following the reported transactions, Christian beneficially owns 34,159 shares of PPBI common stock, which includes 4,423 shares of restricted stock subject to a vesting schedule.
• The restricted stock vests in full on the first anniversary of the date of grant and is subject to forfeiture upon certain events.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a company director.

Key Dates