Frank A. Cavallaro - 20 Mar 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP & Chief Financial Officer
Signature
Frank A. Cavallaro
Issuer symbol
PGC
Transactions as of
20 Mar 2024
Net transactions value
-$14,280
Form type
4
Filing time
22 Mar 2024, 18:13:47 UTC
Previous filing
04 Aug 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 $14,280 -597 -8% $23.92 6,855 20 Mar 2024 Direct

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 +4,389 $0.000000 4,389 20 Mar 2024 Common Stock 4,389 Direct F1, F2
transaction PGC Phantom Stock Award $0 +6,584 $0.000000 6,584 20 Mar 2024 Common Stock 6,584 Direct F3, F4
holding PGC Restricted Stock Units 3,230 20 Mar 2024 Common Stock 3,230 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of common stock.
F2 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F3 Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met.
F4 The phantom stock will cliff vest, after three years, if certain performance conditions are met.
F5 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F6 The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.