Vincent A. Spero - Nov 17, 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Head of Comml Real Estate
Signature
Vincent A. Spero
Stock symbol
PGC
Transactions as of
Nov 17, 2021
Transactions value $
-$203,933
Form type
4
Date filed
11/18/2021, 10:33 AM
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 -$204K -5.84K -13.51% $34.95 37.4K Nov 17, 2021 Direct F1
holding PGC Common Stock 18K Nov 17, 2021 401(k) Plan/Profit Sharing F2
holding PGC Common Stock 4.79K Nov 17, 2021 Employee Stock Purchase Plan F1

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 2.74K Nov 17, 2021 Common Stock 2.74K Direct F3, F4
holding PGC Restricted Stock Units 18.3K Nov 17, 2021 Common Stock 18.3K Direct F3, F5
holding PGC Restricted Stock Units 8.92K Nov 17, 2021 Common Stock 8.92K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares received through dividend reinvestment since the last filing.
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.