0001028918-23-000081.txt : 20230404 0001028918-23-000081.hdr.sgml : 20230404 20230404183957 ACCESSION NUMBER: 0001028918-23-000081 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nicolas Ronald J. Jr. CENTRAL INDEX KEY: 0001406485 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22193 FILM NUMBER: 23800227 MAIL ADDRESS: STREET 1: 2727 E. IMPERIAL HIGHWAY CITY: BREA STATE: CA ZIP: 92821 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC PREMIER BANCORP INC CENTRAL INDEX KEY: 0001028918 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 330743196 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 17901 VON KARMAN AVE STREET 2: SUITE 1200 CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 949-864-8000 MAIL ADDRESS: STREET 1: 17901 VON KARMAN AVE STREET 2: SUITE 1200 CITY: IRVINE STATE: CA ZIP: 92614 4 1 wf-form4_168064798249040.xml FORM 4 X0407 4 2023-03-31 0 0001028918 PACIFIC PREMIER BANCORP INC PPBI 0001406485 Nicolas Ronald J. Jr. 17901 VON KARMAN AVE., SUITE 1200 IRVINE CA 92614 0 1 0 0 SEVP & CFO 0 PPBI Common Stock 2023-03-31 4 M 0 43651 A 102918 D PPBI Common Stock 2023-03-31 4 M 0 4897 A 107815 D PPBI Common Stock 2023-03-31 4 F 0 31385 24.02 D 76430 D PPBI Common Stock 2023-04-03 5 G 0 E 28221 0 D 48209 D PPBI Common Stock 2023-04-03 5 G 0 E 28221 0 A 87234 I The Nicolas Living Trust PPBI Restricted Stock Unit 2023-03-31 4 M 0 33174 0 D PPBI Common Stock 33174.0 0 D Dividend Equivalent Rights 2023-03-31 4 M 0 4897 D PPBI Common Stock 4897.0 0 D PPBI Restricted Stock Unit PPBI Common Stock 13682.0 13682 D PPBI Restricted Stock Unit PPBI Common Stock 20309.0 20309 D PPBI Restricted Stock Unit PPBI Common Stock 30108.0 30108 D On March 31, 2020, reporting person was granted Restricted Stock Units which convert into common stock on a one-for-one basis, the vesting of which was conditioned upon the achievement of certain performance goals. On March 31, 2023, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 43,651 shares of common stock. Each dividend equivalent right is the economic equivalent of one share of common stock. Dividend equivalent rights accrue on the reporting person's Restricted Stock Units and become vested proportionately with the Restricted Stock Units. Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights. Includes 48,209 shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. On April 3, 2023, the reporting person transferred 28,221 directly owned shares of PPBI common stock to The Nicolas Living Trust under agreement date 8/8/2006 (the "Trust"), Ronald J. Nicolas, Jr., Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust. These shares are held by the The Nicolas Living Trust under agreement date 8/8/2006 (the "Trust"), Ronald J. Nicolas, Jr., Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust. Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the targeted number of Restricted Stock Units that may vest, if at all, following the third anniversary of the date of grant upon confirmation of achievement of certain predetermined performance goals over a 3-year performance period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of the targeted amount. 50% vesting will be based on the Company's 3-year average relative total shareholder return percentile range compared to the Keefe, Bruyette & Woods, Inc. Regional Banking Index ("KRX"). 25% vesting will be based on the Company's average ROAA percentile performance as compared to KRX companies over the performance period. 25% vesting will be based on the Company's average ROATCE percentile performance as compared to the KRX companies over the performance period. Not applicable. /s/ Ronald J. Nicolas Jr. 2023-04-04