Douglas L. Kennedy - Sep 30, 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
Sep 30, 2021
Transactions value $
-$167,029
Form type
4
Date filed
10/1/2021, 01:39 PM
Previous filing
Sep 20, 2021
Next filing
Feb 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale -$167K -5K -7.07% $33.41 65.7K Sep 30, 2021 Direct F1, F2
holding PGC Common Stock 69.8K Sep 30, 2021 Rabbi Trust F3
holding PGC Common Stock 18K Sep 30, 2021 401(k) F4
holding PGC Common Stock 7.55K Sep 30, 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 5.64K Sep 30, 2021 Common Stock 5.64K Direct F5, F6
holding PGC Restricted Stock Units 40.9K Sep 30, 2021 Common Stock 40.9K Direct F5, F7
holding PGC Restricted Stock Units 59.9K Sep 30, 2021 Common Stock 59.9K 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.