Form 4: Pacific Premier Bancorp Inc. Executive Lori R. Wright Sells Shares
SEC Form 4 Filing
Lori R. Wright, Sr. EVP and Deputy CFO of Pacific Premier Bancorp Inc., sold 4,668 shares of PPBI common stock at an average price of $23.593 on May 15, 2024.
Summary
- On May 15, 2024, Lori R. Wright, the Sr. EVP and Deputy CFO of Pacific Premier Bancorp Inc. (PPBI), sold 4,668 shares of the company's common stock.
- The shares were sold at a weighted average price of $23.593, with individual transactions ranging from $23.50 to $23.69.
- Following the transaction, Wright directly owns 31,259 shares of PPBI, which includes 28,337 shares of restricted stock subject to a vesting schedule and forfeiture conditions.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the stock sale transaction. |
| 05/16/2024 | Date of signature on the Form 4 filing. |
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