Tom Rice - Mar 15, 2025 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role: SEVP/ Chief Innovation Officer
Signature: /s/ Tom Rice
Stock symbol: PPBI
Transactions as of: Mar 15, 2025
Transactions value $: -$187,086
Form type: 4
Date filed: 3/18/2025, 06:22 PM
Previous filing: Apr 2, 2024
Next filing: Apr 2, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPBI	PPBI Common Stock	Award	$0	+15.7K	+48.9%	$0.00	47.7K	Mar 15, 2025	Direct	F1, F2
transaction	PPBI	PPBI Common Stock	Options Exercise		+2.53K	+5.3%		50.2K	Mar 15, 2025	Direct	F3
transaction	PPBI	PPBI Common Stock	Options Exercise		+387	+0.77%		50.6K	Mar 15, 2025	Direct	F4
transaction	PPBI	PPBI Common Stock	Tax liability	-$187K	-8.37K	-16.54%	$22.36	42.2K	Mar 15, 2025	Direct	F5, F6
transaction	PPBI	PPBI Common Stock	Gift	$0	-7.55K	-17.89%	$0.00	34.7K	Mar 18, 2025	Direct	F6, F7
transaction	PPBI	PPBI Common Stock	Gift	$0	+7.55K	+10.34%	$0.00	80.6K	Mar 18, 2025	By The Rice Family Trust	F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PPBI	PPBI Restricted Stock Unit	Award	$0	+15.7K		$0.00	15.7K	Mar 15, 2025	PPBI Common Stock	15.7K		Direct	F8, F9
transaction	PPBI	PPBI Restricted Stock Unit	Options Exercise	$0	-9.48K	-100%	$0.00	0	Mar 15, 2025	PPBI Common Stock	9.48K		Direct	F3, F9, F10
transaction	PPBI	Dividend Equivalent Rights	Options Exercise		-387	-100%		0	Mar 15, 2025	PPBI Common Stock	387		Direct	F4, F9
holding	PPBI	PPBI Restricted Stock Unit						14.1K	Mar 15, 2025	PPBI Common Stock	14.1K		Direct	F9, F10
holding	PPBI	PPBI Restricted Stock Unit						15.5K	Mar 15, 2025	PPBI Common Stock	15.5K		Direct	F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock with an evenly distributed 3-year vesting schedule.
F2	Reflects an adjustment to the total number of shares previously reported by the reporting person after a reconciliation of such person's ownership records. Previously, the aggregate beneficial ownership in column 5 of Table I was inadvertently overreported by 2,600 shares.
F3	On March 15, 2022, 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, 2025, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 2,527 shares of common stock.
F4	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.
F5	Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights.
F6	Includes 34,657 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.
F7	On March 18, 2025, the reporting person transferred 7,550 directly owned shares of PPBI common stock to the Rice Family Trust, dated March 28, 2018 (the "Trust"), Tom Rice, Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust.
F8	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"). 50% vesting will be based on the Company's average ROAA percentile performance as compared to KRX companies over the performance period.
F9	Not applicable.
F10	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.