Form 4: Pacific Premier Bancorp Officer Wendoll Reports Stock Transaction

Tamara Wendoll, President of Pacific Premier Trust, reports disposition of shares to cover tax liability from vesting of restricted stock awards.

Summary

• On February 14, 2025, Tamara Wendoll, President of Pacific Premier Trust, disposed of 493 shares of Pacific Premier Bancorp Inc. (PPBI) common stock.
• The shares were disposed of at a price of $25.16 per share.
• This transaction was to cover the tax liability related to the vesting of restricted stock awards.
• Following the transaction, Wendoll directly owns 23,659.234 shares of PPBI, including 19,878 shares of restricted stock subject to a vesting schedule and forfeiture conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
• Similar filings are made by officers and directors of comparable financial institutions like Bank of America, Wells Fargo, and JPMorgan Chase.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a small number of shares disposed of to cover tax liabilities.

Key Dates

Keywords

Form 4, Pacific Premier Bancorp, PPBI, Tamara Wendoll, Stock Transaction, Beneficial Ownership, Restricted Stock, Tax Liability, Officer