Form 4: PPBI President & COO Disposes Shares Post-Merger with Columbia

Pacific Premier Bancorp's President & COO, Edward Wilcox, reported the disposition of all his PPBI shares following the company's merger with Columbia Banking System on August 31, 2025.

Summary

• Edward Earl Wilcox, President & COO of Pacific Premier Bancorp Inc. (PPBI), reported changes in his beneficial ownership of PPBI common stock.
• The disposition of shares occurred on August 31, 2025, in connection with the Agreement and Plan of Merger, dated April 23, 2025.
• Pacific Premier Bancorp, Inc. merged with and into Columbia Banking System, Inc. on August 31, 2025.
• Wilcox disposed of 161,076 shares of PPBI Common Stock held directly.
• An additional 125,430 shares of PPBI Common Stock held indirectly by a Trust were also disposed of.
• Following the reported transactions, Wilcox's beneficial ownership of PPBI Common Stock is 0 shares.
• Under the merger agreement, each share of PPBI common stock outstanding immediately prior to the merger was converted into the right to receive 0.9150 of a share of Columbia common stock, with cash paid in lieu of fractional shares.

Sentiment

Score: 5

Explanation: Neutral. This is a factual regulatory report of a completed merger and subsequent insider share disposition. It does not inherently convey positive or negative sentiment about the company's ongoing operations or future prospects, beyond the fact that PPBI no longer exists as an independent entity.

Future Outlook

NA

Industry Context

The banking industry frequently experiences mergers and acquisitions as a strategy for consolidation, market expansion, and achieving economies of scale. This merger between Pacific Premier Bancorp and Columbia Banking System aligns with these broader industry trends, aiming to create a larger, potentially more competitive financial institution.

Management Changes

Stakeholder Impact

• Shareholders of Pacific Premier Bancorp, Inc. had their shares converted into Columbia Banking System, Inc. common stock, fundamentally changing their investment vehicle and future returns.
• Edward Earl Wilcox, as President & COO of Pacific Premier Bancorp, Inc., saw his role at the acquired entity cease upon the merger's completion.

Key Dates

Keywords

PACIFIC PREMIER BANCORP, PPBI, Columbia Banking System, Merger, Form 4, Insider Transaction, Edward Wilcox, Share Disposition, Corporate Action, Banking, Financial Services