Vincent A. Spero - 22 Jun 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Head of Comml Real Estate
Signature
Vincent A. Spero
Issuer symbol
PGC
Transactions as of
22 Jun 2021
Net transactions value
-$2,880
Form type
4
Filing time
24 Jun 2021, 16:14:22 UTC
Next filing
18 Nov 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 $2,880 -90 -0.21% $32.00 43,140 22 Jun 2021 Direct F1, F2
holding PGC Common Stock 17,911 22 Jun 2021 401(k) Plan/Profit Sharing F3
holding PGC Common Stock 4,697 22 Jun 2021 Employee Stock Purchase Plan 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 2,739 22 Jun 2021 Common Stock 2,739 Direct F4, F5
holding PGC Restricted Stock Units 18,305 22 Jun 2021 Common Stock 18,305 Direct F4, F6
holding PGC Restricted Stock Units 8,921 22 Jun 2021 Common Stock 8,921 Direct F7, F8
* 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 Includes 401(k) contributions used to purchase PGC stock.
F4 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F5 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.
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 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.
F8 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.