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PACIFIC PREMIER BANCORP INC
PPBI
Total Value
$3.8M
Company Information
- Company Name
- PACIFIC PREMIER BANCORP INC
- Ticker Symbol
- PPBI
- CIK
- 0001028918
Insider Information
- Name
- GARDNER STEVEN R
- Role
- Chairman, President & CEO, Director
- Location
- IRVINE, CA
DirectorOfficer
Filing Details
- Filing Date
- Aug 27, 2025
- Transaction Date
- Aug 25, 2025
- Accession Number
- 0001028918-25-000098
- Form Type
- 4
Non-Derivative Transactions
| Date | Security | Shares | Price | Type | Value |
|---|---|---|---|---|---|
| Aug 25, 2025 | PPBI Common Stock | 201,505 | — | Exercise | — |
| Aug 25, 2025 | PPBI Common Stock | 17,564 | — | Exercise | — |
| Aug 25, 2025 | PPBI Common Stock | 156,463 | $24.30 | Tax Withholding | $3.8M |
Derivative Transactions
| Date | Security | Shares | Exercise Price | Type | Value |
|---|---|---|---|---|---|
| Aug 25, 2025 | Derivative | 70,253 | — | Exercise | — |
| Aug 25, 2025 | Derivative | 60,814 | — | Exercise | — |
| Aug 25, 2025 | Derivative | 70,438 | — | Exercise | — |
| Aug 25, 2025 | Derivative | 17,564 | — | Exercise | — |
Footnotes
- (F1)Represents the acquisition of 201,505 shares of common stock underlying Restricted Stock Units that were accelerated and fully vested in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2025, by and among Columbia Banking System, Inc. ("Columbia"), Pacific Premier Bancorp, Inc. (the "Issuer") and Balboa Merger Sub, Inc., pursuant to which the Issuer plans to merge with and into Columbia on or about September 1, 2025.
- (F2)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.
- (F3)Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock, restricted stock units and dividend equivalent rights previously issued. The accelerated vesting and the release of stock was in connection with the Merger Agreement.
- (F4)Each Restricted Stock Unit represents the right to receive one share of common stock. Performance metrics, terms and/or conditions to which these Restricted Stock Units were originally subject were deemed, pursuant to the Merger Agreement, to have been achieved or satisfied, as applicable, at the target levels.
- (F5)Not applicable.