Form 4: Pacific Premier Bancorp Inc. Executive Lori R. Wright Reports Changes in Beneficial Ownership
SEC Form 4 Filing
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, 2025, Lori R. Wright, Sr. EVP and Deputy CFO of Pacific Premier Bancorp Inc., acquired 12,299 shares of PPBI common stock through vesting of restricted stock.
- On the same date, 3,588 shares were disposed of to cover tax liabilities associated with the vesting of restricted stock at a price of $22.36 per share.
- Following these transactions, Wright beneficially owns 39,970 shares of PPBI common stock, including 30,612 shares of restricted stock subject to a vesting schedule and forfeiture conditions.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing is a standard disclosure of stock transactions related to executive compensation.
Positives
- The acquisition of shares through vesting indicates a continued alignment of the executive's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- Shareholders are informed about changes in beneficial ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock acquisition and disposal. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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