Form 4: Pacific Premier Bancorp Inc. Executive 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., reports changes in her beneficial ownership of the company's stock due to vesting of restricted stock and tax withholding.
Summary
- On March 15, 2024, Margaret S. Ohlhaver, a Senior EVP and Chief Human Resources Officer at Pacific Premier Bancorp Inc. (PPBI), reported changes in her beneficial ownership of PPBI common stock.
- She acquired 11,057 shares of PPBI common stock through the vesting of restricted stock awards.
- Simultaneously, 1,956 shares were disposed of to cover the tax liability associated with the vesting of these restricted stock awards at a price of $22.61 per share.
- Following these transactions, Ohlhaver directly owns 34,998 shares of PPBI common stock, which includes 26,175 shares of restricted stock subject to a vesting schedule and potential forfeiture.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative. It reflects standard executive compensation practices.
Positives
- The vesting of restricted stock indicates that Ohlhaver is meeting the conditions of her equity compensation plan.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard equity compensation practices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition of shares through vesting and disposal of shares for tax liability. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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