Form 4: Pacific Premier Bancorp Insider Transaction: Sherri V. Scott Reports Stock Award Vesting and Tax Withholding

Sherri V. Scott, a SrEVP and Chief Corp Resp Officer at Pacific Premier Bancorp, reports the vesting of restricted stock and subsequent tax withholding.

Summary

• On March 15, 2025, Sherri V. Scott, SrEVP, Chief Corp Resp Officer of Pacific Premier Bancorp Inc. (PPBI), acquired 12,299 shares of PPBI common stock through the vesting of restricted stock.
• These shares were acquired at a price of $0.
• Also on March 15, 2025, 2,790 shares were disposed of to cover tax liabilities related to the vesting of the restricted stock at a price of $22.36.
• Following these transactions, Scott directly owns 39,138 shares of PPBI common stock, which includes 28,581 shares of restricted stock subject to a vesting schedule and forfeiture conditions.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation. No significant positive or negative implications are apparent.

Positives

• The vesting of restricted stock indicates a continued commitment to the company by a key executive.

Negatives

• The disposal of shares to cover tax liabilities reduces the executive's overall holdings.

Risks

• Potential for further stock disposals to cover future tax liabilities related to vesting shares.
• The forfeiture conditions on the restricted stock could lead to a reduction in holdings if certain events occur.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock suggests continued alignment of the executive's interests with the company's performance.

Industry Context

Insider transactions are common in the banking industry as part of executive compensation packages. Monitoring these transactions can provide insights into management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages in the banking industry often include restricted stock units (RSUs) that vest over time, similar to the arrangement for Sherri V. Scott.
• Tax withholding practices related to RSU vesting are standard across publicly traded companies.
• Comparable companies like Bank of America or JPMorgan Chase also report similar insider transactions related to equity compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
• Employees may view the vesting of restricted stock as a positive sign of company stability and executive commitment.

Key Dates