Form 4: Pacific Premier Bancorp Inc. Executive Margaret S. Ohlhaver Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Margaret S. Ohlhaver, a Senior EVP and Chief Human Resources Officer at Pacific Premier Bancorp Inc., reported a transaction involving the withholding of shares to cover tax liabilities related to vesting restricted stock awards.
Summary
- On March 31, 2024, Margaret S. Ohlhaver, a Senior EVP and Chief Human Resources Officer at Pacific Premier Bancorp Inc. (PPBI), had 250 shares of PPBI Common Stock withheld to cover tax liabilities.
- The shares were withheld at a price of $24 per share.
- Following the transaction, Ohlhaver directly owns 34,748 shares of PPBI Common Stock, which includes 25,475 shares of restricted stock subject to a vesting schedule and forfeiture conditions.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is required by the SEC to ensure transparency in insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: shares withheld for tax liability. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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