Gregory M. Smith - 19 May 2021 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
19 May 2021
Net transactions value
-$56,917
Form type
4
Filing time
20 May 2021, 16:39:50 UTC
Next filing
25 May 2021
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 $56,917 -1,754 -19% $32.45 7,261 19 May 2021 Direct F1
holding PGC Common Stock 1,207 19 May 2021 ESPP 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
holding PGC Restricted Stock Units 858 19 May 2021 Common Stock 858 Direct F3, F4
holding PGC Restricted Stock Units 31,437 19 May 2021 Common Stock 31,437 Direct F3, F5
holding PGC Restricted Stock Units 8,639 19 May 2021 Common Stock 8,639 Direct F6, F7
* 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 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.
F7 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.