Gregory M. Smith - May 21, 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP, President Comml Banking
Signature
Gregory M. Smith
Stock symbol
PGC
Transactions as of
May 21, 2021
Transactions value $
-$166,447
Form type
4
Date filed
5/25/2021, 09:09 AM
Previous filing
May 20, 2021
Next filing
Jun 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale -$111K -3.4K -46.85% $32.62 3.86K May 21, 2021 Direct
transaction PGC Common Stock Sale -$55.5K -1.7K -44% $32.67 2.16K May 24, 2021 Direct
holding PGC Common Stock 1.3K May 21, 2021 ESPP 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
holding PGC Restricted Stock Units 858 May 21, 2021 Common Stock 858 Direct F2, F3
holding PGC Restricted Stock Units 31.4K May 21, 2021 Common Stock 31.4K Direct F2, F4
holding PGC Restricted Stock Units 8.64K May 21, 2021 Common Stock 8.64K Direct F5, F6
* 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 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.
F5 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.
F6 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.