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

Role
EVP, Head of Comml Real Estate
Signature
Vincent A. Spero
Issuer symbol
PGC
Transactions as of
17 Nov 2021
Net transactions value
-$203,933
Form type
4
Filing time
18 Nov 2021, 10:33:27 UTC
Previous filing
24 Jun 2021
Next filing
15 Mar 2022
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 $203,933 -5,835 -14% $34.95 37,351 17 Nov 2021 Direct F1
holding PGC Common Stock 17,975 17 Nov 2021 401(k) Plan/Profit Sharing F2
holding PGC Common Stock 4,791 17 Nov 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 2,739 17 Nov 2021 Common Stock 2,739 Direct F3, F4
holding PGC Restricted Stock Units 18,305 17 Nov 2021 Common Stock 18,305 Direct F3, F5
holding PGC Restricted Stock Units 8,921 17 Nov 2021 Common Stock 8,921 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.