Frank A. Cavallaro - 20 Mar 2025 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 2025
Net transactions value
$0
Form type
4
Filing time
24 Mar 2025, 11:49:20 UTC
Previous filing
22 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PGC Common Stock 8,543 20 Mar 2025 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 Restricted Stock Units Award $0 +4,999 +310% $0.000000 6,614 20 Mar 2025 Common Stock 4,999 Direct F1, F2
transaction PGC Restricted Stock Units Award $0 +7,499 $0.000000 7,499 20 Mar 2025 Common Stock 7,499 Direct F3, F4
holding PGC Phantom Stock 2,926 20 Mar 2025 Common Stock 2,926 Direct F5, F6
holding PGC Phantom Stock 6,584 20 Mar 2025 Common Stock 6,584 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 three approximately equal installments on each of the first three anniversaries of the grant date.
F3 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.
F4 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F5 Each share of phantom stock is the economic equivalent of one share of common stock.
F6 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three 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.