John P. Babcock - Aug 9, 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP & Pres of Priv Wealth Mgt
Signature
John P. Babcock
Stock symbol
PGC
Transactions as of
Aug 9, 2021
Transactions value $
-$163,834
Form type
4
Date filed
8/10/2021, 12:34 PM
Previous filing
Jun 24, 2021
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale -$164K -5K -8.81% $32.77 51.7K Aug 9, 2021 Direct
holding PGC Common Stock 20.4K Aug 9, 2021 Rabbi Trust F1
holding PGC Common Stock 6.52K Aug 9, 2021 401(k) 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 Unit 4.8K Aug 9, 2021 Common Stock 4.8K Direct F3, F4
holding PGC Restricted Stock Unit 29K Aug 9, 2021 Common Stock 29K Direct F3, F5
holding PGC Restricted Stock Unit 44.6K Aug 9, 2021 Common Stock 44.6K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F2 Includes 401(k) contributions used to purchase PGC stock.
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.