Maureen Hemhauser - Mar 20, 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP & Chief Risk Officer
Signature
Maureen Hemhauser
Stock symbol
PGC
Transactions as of
Mar 20, 2024
Transactions value $
-$9,712
Form type
4
Date filed
3/22/2024, 05:53 PM
Previous filing
Jun 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability -$9.71K -406 -8.4% $23.92 4.43K Mar 20, 2024 Direct
holding PGC Common Stock 3.2K Mar 20, 2024 Rabbi Trust F1
holding PGC Common Stock 450 Mar 20, 2024 401(k) F2

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 PGC Phantom Stock Award $0 +4.28K $0.00 4.28K Mar 20, 2024 Common Stock 4.28K Direct F3, F4
transaction PGC Phantom Stock Award $0 +1.43K $0.00 1.43K Mar 20, 2024 Common Stock 1.43K Direct F3, F5
holding PGC Phantom Stock 1.88K Mar 20, 2024 Common Stock 1.88K Direct F3, F6
holding PGC Restricted Stock Units 6.66K Mar 20, 2024 Common Stock 6.66K Direct F7, F8
holding PGC Restricted Stock Units 4.72K Mar 20, 2024 Common Stock 4.72K Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F2 Includes 401(k) contributions used to purchase PGC stock.
F3 Each share of phantom stock is the economic equivalent of one share of common stock.
F4 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F5 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
F6 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F7 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F8 The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.
F9 Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
F10 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.