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

Sherri V. Scott, SrEVP, Chief ESG & Corp Respon of Pacific Premier Bancorp Inc., reports changes in beneficial ownership of company stock due to vesting of restricted stock and tax withholding.

Summary

• On March 15, 2024, Sherri V. Scott, SrEVP, Chief ESG & Corp Respon of Pacific Premier Bancorp Inc. (PPBI), reported changes in beneficial ownership of PPBI common stock.
• The transactions involved the vesting of 11,057 shares of restricted stock.
• 1,796 shares were withheld to cover the tax liability associated with the vesting of the restricted stock at a price of $22.61.
• Following these transactions, Scott directly owns 29,701 shares of PPBI common stock, which includes 24,275 shares of restricted stock subject to a vesting schedule and potential forfeiture.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It is standard practice for executives to receive and vest restricted stock as part of their compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates