Form 4: Pacific Premier Bancorp Executive Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Donn Jakosky, Sr. EVP & Chief Credit Officer of Pacific Premier Bancorp Inc., disposed of 429 shares to cover tax liabilities related to vesting restricted stock awards.
Summary
- On March 31, 2024, Donn Jakosky, Sr. EVP & Chief Credit Officer of Pacific Premier Bancorp Inc. (PPBI), disposed of 429 shares of PPBI common stock.
- The transaction was executed to cover the tax liability associated with the vesting of restricted stock awards.
- The shares were disposed of at a price of $24 per share.
- Following the transaction, Jakosky directly owns 44,421 shares of PPBI common stock, which includes 26,687 shares of restricted stock subject to a vesting schedule and forfeiture conditions.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations from vested stock awards, a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock disposal transaction. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.