Gregory M. Smith - 20 Mar 2025 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP, President Comml Banking
Signature
Gregory M. Smith
Issuer symbol
PGC
Transactions as of
20 Mar 2025
Net transactions value
-$120,889
Form type
4
Filing time
24 Mar 2025, 12:05:47 UTC
Previous filing
31 Jan 2025
Next filing
17 Sep 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 $120,889 -4,091 -32% $29.55 8,626 20 Mar 2025 Direct F1, 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 Restricted Stock Units Award $0 +4,922 $0.000000 4,922 20 Mar 2025 Common Stock 4,922 Direct F3, F4
transaction PGC Restricted Stock Units Award $0 +7,383 +63% $0.000000 19,078 20 Mar 2025 Common Stock 7,383 Direct F3, F6
holding PGC Restricted Stock Units 7,822 20 Mar 2025 Common Stock 7,822 Direct F3, F5
holding PGC Phantom Stock 3,602 20 Mar 2025 Common Stock 3,602 Direct F7, F8
holding PGC Phantom Stock 754 20 Mar 2025 Common Stock 754 Direct F7, F9
holding PGC Phantom Stock 8,103 20 Mar 2025 Common Stock 8,103 Direct F10, F11
* 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 Includes shares received through dividend reinvestment since the last filing.
F3 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F4 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.
F5 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.
F6 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F7 Each share of phantom stock is the economic equivalent of one share of common stock.
F8 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F9 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F10 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.
F11 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.