Form 4: Pacific Premier Bancorp Director Rose McKinney-James Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Director Rose McKinney-James reports acquiring 3,317 shares of Pacific Premier Bancorp restricted stock and disposing of 3,317 shares.
Summary
- On March 15, 2024, Rose McKinney-James, a director of Pacific Premier Bancorp Inc. (PPBI), reported a transaction involving the company's common stock.
- McKinney-James acquired 3,317 shares of restricted stock.
- The acquisition was made at a price of $0.
- Simultaneously, McKinney-James disposed of 3,317 shares.
- Following the reported transactions, McKinney-James beneficially owns 8,441 shares of PPBI common stock, which includes 3,317 shares of restricted stock subject to vesting and forfeiture conditions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock aligns the director's interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition and disposal of shares. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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