Interactive Brokers shares jump as it secures spot in S&P 500
Steven R. Arnold, General Counsel & Corp. Sec. of Pacific Premier Bancorp Inc (NASDAQ:PPBI), sold 5,000 shares of company stock on August 12, 2025, at a price of $22.54, for a total of $112,700.
According to a Form 4 filing with the Securities and Exchange Commission, on the same day, Arnold also exercised options to acquire 5,000 shares of Pacific Premier Bancorp at an exercise price of $21.54, for a total value of $107,700.
Following these transactions, Arnold directly owns 51,042 shares of Pacific Premier Bancorp Inc, including 28,831 shares of restricted stock subject to vesting.
In other recent news, Pacific Premier Bancorp announced that its stockholders have approved an amendment to the company’s Amended and Restated 2022 Long-Term Incentive Plan (LTIP). This amendment increases the total number of shares of common stock reserved for issuance under the 2022 LTIP by 2,000,000. The LTIP is intended to provide long-term incentives to the company’s officers and employees. The details of this amendment were initially outlined in the company’s definitive proxy statement filed earlier this year. This development is part of Pacific Premier Bancorp’s ongoing efforts to enhance its incentive programs for its workforce. The full text of the approved LTIP amendment is available in the company’s Current Report on Form 8-K.
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