Douglas L. Kennedy - Aug 13, 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
President & CEO, Director
Signature
Douglas L. Kennedy
Stock symbol
PGC
Transactions as of
Aug 13, 2021
Transactions value $
-$165,081
Form type
4
Date filed
8/16/2021, 01:47 PM
Previous filing
Aug 2, 2021
Next filing
Aug 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale -$165K -5K -5.51% $33.02 85.7K Aug 13, 2021 Direct F1, F2
holding PGC Common Stock 69.8K Aug 13, 2021 Rabbi Trust F3
holding PGC Common Stock 18K Aug 13, 2021 401(k) F4
holding PGC Common Stock 7.28K Aug 13, 2021 Employee Stock Purchase Plan F5

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 5.64K Aug 13, 2021 Common Stock 5.64K Direct F6, F7
holding PGC Restricted Stock Units 40.9K Aug 13, 2021 Common Stock 40.9K Direct F6, F8
holding PGC Restricted Stock Units 59.9K Aug 13, 2021 Common Stock 59.9K Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of common stock reflected in this Form 4 was pursuant to a Rule 10b-5 trading plan dated May 20, 2021
F2 18,284 shares held in trust.
F3 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F4 Includes 401(k) contributions used to purchase PGC stock.
F5 Includes shares received through dividend reinvestment since the last filing.
F6 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F7 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.
F8 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.
F9 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.
F10 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.