Form 4: Pacific Premier Bancorp Inc. Executive Lori R. Wright Reports Changes in Beneficial Ownership

Lori R. Wright, Sr. EVP and Deputy CFO of Pacific Premier Bancorp Inc., reports acquisition and disposal of PPBI common stock related to restricted stock vesting and tax liability coverage.

Summary

• On March 15, 2024, Lori R. Wright, Sr. EVP and Deputy CFO of Pacific Premier Bancorp Inc. (PPBI), acquired 11,057 shares of PPBI common stock through the vesting of restricted stock.
• On the same date, Wright disposed of 2,592 shares of PPBI common stock to cover the tax liability associated with the vesting of the restricted stock awards at a price of $22.61 per share.
• Following these transactions, Wright beneficially owns 35,927 shares of PPBI common stock, including 28,337 shares of restricted stock subject to a vesting schedule and forfeiture conditions.

Sentiment

Score: 5

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

Positives

• The acquisition of shares through vesting indicates a continued alignment of the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and alignment with shareholder interests.

Stakeholder Impact

• Shareholders can monitor insider transactions to assess management's alignment with company performance.

Key Dates