John P. Babcock - 20 Mar 2025 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP & Pres of Priv Wealth Mgt
Signature
John P Babcock
Issuer symbol
PGC
Transactions as of
20 Mar 2025
Net transactions value
-$135,339
Form type
4
Filing time
24 Mar 2025, 11:46:12 UTC
Previous filing
20 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 $135,339 -4,580 -9.3% $29.55 44,476 20 Mar 2025 Direct F1
holding PGC Common Stock 64,931 20 Mar 2025 Rabbi Trust F2
holding PGC Common Stock 6,674 20 Mar 2025 401(k) F3

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 Restricted Stock Units Award $0 +7,543 $0.000000 7,543 20 Mar 2025 Common Stock 7,543 Direct F4, F5
transaction PGC Restricted Stock Units Award $0 +11,315 +63% $0.000000 29,270 20 Mar 2025 Common Stock 11,315 Direct F7, F8
holding PGC Restricted Stock Units 12,222 20 Mar 2025 Common Stock 12,222 Direct F4, F6
holding PGC Phantom Stock 5,520 20 Mar 2025 Common Stock 5,520 Direct F9, F10
holding PGC Phantom Stock 2,000 20 Mar 2025 Common Stock 2,000 Direct F9, F11
holding PGC Phantom Stock 12,418 20 Mar 2025 Common Stock 12,418 Direct F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
F2 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F3 Includes 401(k) contributions used to purchase PGC stock.
F4 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F5 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.
F6 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.
F7 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.
F8 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F9 Each share of phantom stock is the economic equivalent of one share of common stock.
F10 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F11 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F12 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.
F13 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.