0001028918-24-000032.txt : 20240319
0001028918-24-000032.hdr.sgml : 20240319
20240319191757
ACCESSION NUMBER: 0001028918-24-000032
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240315
FILED AS OF DATE: 20240319
DATE AS OF CHANGE: 20240319
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GARDNER STEVEN R
CENTRAL INDEX KEY: 0001267342
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22193
FILM NUMBER: 24765718
MAIL ADDRESS:
STREET 1: 12131 ORVILLINA DRIVE
CITY: SANTA ANA
STATE: CA
ZIP: 92705
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PACIFIC PREMIER BANCORP INC
CENTRAL INDEX KEY: 0001028918
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
ORGANIZATION NAME: 02 Finance
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
wk-form4_1710890259.xml
FORM 4
X0508
4
2024-03-15
0
0001028918
PACIFIC PREMIER BANCORP INC
PPBI
0001267342
GARDNER STEVEN R
17901 VON KARMAN AVE., SUITE 1200
IRVINE
CA
92614
1
1
0
0
Chairman, President & CEO
0
PPBI Common Stock
2024-03-15
4
A
0
60814
0
A
530099
D
PPBI Common Stock
2024-03-15
4
M
0
30474
A
560573
D
PPBI Common Stock
2024-03-15
4
M
0
3956
A
564529
D
PPBI Common Stock
2024-03-15
4
F
0
40894
22.61
D
523635
D
PPBI Restricted Stock Unit
2024-03-15
4
A
0
60814
0
A
PPBI Common Stock
60814
60814
D
PPBI Restricted Stock Unit
2024-03-15
4
M
0
47067
0
D
PPBI Common Stock
47067
0
D
Dividend Equivalent Rights
2024-03-15
4
M
0
3956
D
PPBI Common Stock
3956
0
D
PPBI Restricted Stock Unit
PPBI Common Stock
58218
58218
D
PPBI Restricted Stock Unit
PPBI Common Stock
70253
70253
D
Restricted Stock with an evenly distributed 3-year vesting schedule.
On March 15, 2021, 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 15, 2024, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 30,474 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 127,056 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.
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/ Steven R. Gardner
2024-03-19