Timothy E. Doyle - 22 Jun 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Chief Credit Officer
Signature
Timothy E. Doyle
Issuer symbol
PGC
Transactions as of
22 Jun 2021
Net transactions value
-$2,368
Form type
4
Filing time
24 Jun 2021, 15:37:34 UTC
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 $2,368 -74 -1.4% $32.00 5,191 22 Jun 2021 Direct F1
holding PGC Common Stock 3,160 22 Jun 2021 Rabbi Trust F2
holding PGC Common Stock 4,005 22 Jun 2021 401(k) F3
holding PGC Common Stock 1,214 22 Jun 2021 ESPP 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 Restricted Stock Units 1,448 22 Jun 2021 Common Stock 1,448 Direct F5, F6
holding PGC Restricted Stock Units 10,026 22 Jun 2021 Common Stock 10,026 Direct F5, F7
holding PGC Restricted Stock Units 9,148 22 Jun 2021 Common Stock 9,148 Direct F8, F9
* 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 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.