Douglas L. Kennedy - 17 Sep 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
President & CEO, Director
Signature
Douglas L. Kennedy
Issuer symbol
PGC
Transactions as of
17 Sep 2021
Net transactions value
-$163,063
Form type
4
Filing time
20 Sep 2021, 12:52:41 UTC
Previous filing
07 Sep 2021
Next filing
01 Oct 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 Sale $163,063 -5,000 -6.6% $32.61 70,723 17 Sep 2021 Direct F1, F2
holding PGC Common Stock 69,801 17 Sep 2021 Rabbi Trust F3
holding PGC Common Stock 17,993 17 Sep 2021 401(k) F4
holding PGC Common Stock 7,549 17 Sep 2021 Employee Stock Purchase Plan

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 5,640 17 Sep 2021 Common Stock 5,640 Direct F5, F6
holding PGC Restricted Stock Units 40,859 17 Sep 2021 Common Stock 40,859 Direct F5, F7
holding PGC Restricted Stock Units 59,898 17 Sep 2021 Common Stock 59,898 Direct F8, F9
* 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 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.