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

Signature
Stuart Vorcheimer
Issuer symbol
PGC
Transactions as of
20 Mar 2025
Net transactions value
-$53,190
Form type
4
Filing time
24 Mar 2025, 12:08:18 UTC
Previous filing
22 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability $53,190 -1,800 -23% $29.55 6,157 20 Mar 2025 Direct F1, F12
holding PGC Common Stock 1,013 20 Mar 2025 Employee Stock Purchase Plan F1

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 +5,569 $0.000000 5,569 20 Mar 2025 Common Stock 5,569 Direct F2, F3
transaction PGC Restricted Stock Units Award $0 +1,856 +66% $0.000000 4,688 20 Mar 2025 Common Stock 1,856 Direct F4, F5
holding PGC Restricted Stock Units 7,817 20 Mar 2025 Common Stock 7,817 Direct F2, F6
holding PGC Phantom Stock 4,757 20 Mar 2025 Common Stock 4,757 Direct F7, F8
holding PGC Phantom Stock 943 20 Mar 2025 Common Stock 943 Direct F7, F9
holding PGC Phantom Stock 2,378 20 Mar 2025 Common Stock 2,378 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares received through dividend reinvestment since the last filing.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F3 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.
F4 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.
F5 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
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 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.
F12 Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.