Form 4: Pacific Premier Bancorp Inc. Executive Wilcox Reports Stock Sale and RSU Grants

Edward Earl Wilcox, President & COO of Pacific Premier Bancorp Inc., reports the sale of 14,500 shares of common stock and holdings of restricted stock units.

Summary

• On May 1, 2025, Edward Earl Wilcox, President & COO of Pacific Premier Bancorp Inc., sold 14,500 shares of PPBI common stock at a price of $20.28 per share.
• Following the transaction, Wilcox directly owns 140,283 shares of PPBI common stock, including 74,451 shares of restricted stock subject to vesting.
• Wilcox also indirectly owns 125,430 shares through The Wilcox Family Trust.
• He holds multiple restricted stock unit (RSU) grants, with the number of shares vesting dependent on the achievement of performance goals over a 3-year period.
• The performance goals are based on the company's total shareholder return, ROAA, and ROATCE compared to the Keefe, Bruyette & Woods, Inc. Regional Banking Index (KRX).

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, but rather provides factual information.

Future Outlook

The vesting of the Restricted Stock Units is contingent upon the company's performance against predetermined goals over a 3-year period, impacting the number of shares ultimately received.

Industry Context

This filing is a routine disclosure of insider trading activity, providing transparency to investors regarding the actions of company executives. It is common for executives to receive and trade company stock as part of their compensation.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest based on performance metrics.
• The use of total shareholder return (TSR), ROAA, and ROATCE as vesting criteria is common in the banking industry, aligning executive incentives with shareholder value creation.
• Comparing Pacific Premier Bancorp's performance against the Keefe, Bruyette & Woods, Inc. Regional Banking Index (KRX) is a standard practice for regional banks.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive, providing transparency into management's actions.
• The vesting of RSUs based on performance metrics aligns management's interests with those of shareholders.

Key Dates

Keywords

PPBI, Pacific Premier Bancorp, Edward Wilcox, Form 4, Stock Sale, Restricted Stock Units, Beneficial Ownership, Insider Trading