Form 4: Pacific Premier Bancorp Director Transfers Shares to Family Trust

Director Richard C. Thomas reports changes in beneficial ownership of Pacific Premier Bancorp stock, including a transfer of shares to a family trust.

Summary

• Richard C. Thomas, a director of Pacific Premier Bancorp Inc (PPBI), filed a Form 4 detailing changes in his beneficial ownership of PPBI common stock.
• On March 15, 2024, Thomas acquired 3,317 shares of PPBI common stock.
• On March 19, 2024, Thomas transferred 3,011 directly owned shares of PPBI common stock to The Barbara J. Thomas, Richard Thomas UA 10-11-1996 Richard and Barbara Thomas Family Trust.
• Following these transactions, Thomas directly owns 3,317 shares and indirectly owns 15,744 shares through the family trust.
• The reporting person shares voting and disposition control over shares held by the Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Related Party Transactions

• The transfer of 3,011 shares to The Barbara J. Thomas, Richard Thomas UA 10-11-1996 Richard and Barbara Thomas Family Trust constitutes a related party transaction.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.

Key Dates