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

Role
EVP & Chief Risk Officer
Signature
Maureen Hemhauser
Issuer symbol
PGC
Transactions as of
20 Mar 2024
Net transactions value
-$9,712
Form type
4
Filing time
22 Mar 2024, 17:53:38 UTC
Previous filing
26 Jun 2023
Next filing
24 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability $9,712 -406 -8.4% $23.92 4,427 20 Mar 2024 Direct
holding PGC Common Stock 3,198 20 Mar 2024 Rabbi Trust F1
holding PGC Common Stock 450 20 Mar 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 +4,279 $0.000000 4,279 20 Mar 2024 Common Stock 4,279 Direct F3, F4
transaction PGC Phantom Stock Award $0 +1,426 $0.000000 1,426 20 Mar 2024 Common Stock 1,426 Direct F3, F5
holding PGC Phantom Stock 1,876 20 Mar 2024 Common Stock 1,876 Direct F3, F6
holding PGC Restricted Stock Units 6,662 20 Mar 2024 Common Stock 6,662 Direct F7, F8
holding PGC Restricted Stock Units 4,720 20 Mar 2024 Common Stock 4,720 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.