Form 4: Pacific Premier Bancorp Executive Reports Stock Transaction
SEC Form 4 Filing
Sherri V. Scott, SrEVP, Chief ESG & Corp Respon at Pacific Premier Bancorp, reports disposition of shares to cover tax liability.
Summary
- On March 31, 2024, Sherri V. Scott, SrEVP, Chief ESG & Corp Respon at Pacific Premier Bancorp Inc. (PPBI), disposed of 72 shares of PPBI Common Stock to cover tax liabilities.
- The transaction was a disposition (D) of shares at a price of $24.
- Following the transaction, Scott directly owns 29,629 shares of PPBI Common Stock, which includes 24,075 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 on vested stock, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and 10% owners) trade in their company's stock. These filings provide transparency into insider activity and can be used by investors to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock transaction (disposal of shares). |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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