Douglas L. Kennedy - 28 Mar 2025 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Signature
Douglas L. Kennedy
Issuer symbol
PGC
Transactions as of
28 Mar 2025
Net transactions value
-$142,898
Form type
4
Filing time
31 Mar 2025, 11:49:05 UTC
Previous filing
24 Mar 2025
Next filing
24 Jul 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale $142,898 -5,000 -12% $28.58 35,409 28 Mar 2025 Direct F1
holding PGC Common Stock 207,136 28 Mar 2025 Rabbi Trust F2
holding PGC Common Stock 18,493 28 Mar 2025 401(k) F3
holding PGC Common Stock 10,077 28 Mar 2025 Employee Stock Purchase Plan F4

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 Restrictued Stock Units 11,689 28 Mar 2025 Common Stock 11,689 Direct F5, F6
holding PGC Restricted Stock Units 17,836 28 Mar 2025 Common Stock 17,836 Direct F5, F7
holding PGC Restricted Stock Units 43,742 28 Mar 2025 Common Stock 43,742 Direct F8, F9
holding PGC Phantom Stock 6,881 28 Mar 2025 Common Stock 6,881 Direct F10, F11
holding PGC Phantom Stock 2,828 28 Mar 2025 Common Stock 2,828 Direct F10, F12
holding PGC Phantom Stock 15,482 28 Mar 2025 Common Stock 15,482 Direct F13, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of common stock reflected in this Form 4 was pursuant to a Rule 10b-5 trading plan dates November 22, 2024.
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 Includes shares received through dividend reinvestment since the last filing.
F5 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F6 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.
F7 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.
F8 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.
F9 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F10 Each share of phantom stock is the economic equivalent of one share of common stock.
F11 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F12 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F13 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.
F14 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.