Stuart M. Vorcheimer - 21 May 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Comm & Ind Lndg
Signature
Stuart Vorcheimer
Issuer symbol
PGC
Transactions as of
21 May 2024
Net transactions value
-$111,007
Form type
4
Filing time
22 May 2024, 12:32:00 UTC
Previous filing
22 Mar 2024
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 Sale $111,007 -4,608 -68% $24.09 2,205 21 May 2024 Direct
holding PGC Common Stock 890 21 May 2024 Employee Stock Purchase Plan

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
holding PGC Restricted Stock Units 10,875 21 May 2024 Common Stock 10,875 Direct F1, F2
holding PGC Restricted Stock Units 5,097 21 May 2024 Common Stock 5,097 Direct F1, F3
holding PGC Phantom Stock 7,135 21 May 2024 Common Stock 7,135 Direct F4, F5
holding PGC Phantom Stock 4,116 21 May 2024 Common Stock 4,116 Direct F4, F6
holding PGC Phantom Stock 2,378 21 May 2024 Common Stock 2,378 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F2 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.
F3 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F4 Each share of phantom stock is the economic equivalent of one share of common stock.
F5 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
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 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.
F8 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.