Form 4: Pacific Premier Bancorp Director Sells Shares

Director Jeff C. Jones sold 11,251 shares of Pacific Premier Bancorp Inc. (PPBI) common stock at an average price of $23.62 on September 9, 2024.

Summary

• On September 9, 2024, Jeff C. Jones, a director of Pacific Premier Bancorp Inc. (PPBI), sold 11,251 shares of PPBI common stock.
• The shares were sold at a weighted average price of $23.62, with individual transactions ranging from $23.61 to $23.68.
• Following the transaction, Jones directly owns 8,492 shares, which includes 3,317 shares of restricted stock subject to vesting.
• Jones also indirectly owns 123,794 shares through The Jeff and Allison Jones Family Trust, over which he shares voting and dispositive control.
• Jones also holds options to purchase 7,500 shares of PPBI common stock at an exercise price of $15.16, vesting in annual installments beginning January 28, 2016.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This transaction is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The market will look at the transaction to see if it signals confidence or lack of confidence in the company's prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders if it's interpreted as a lack of confidence in the company's future performance, potentially leading to a slight decrease in stock price.

Key Dates