Douglas L. Kennedy - 11 Mar 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
President & CEO, Director
Signature
Douglas L. Kennedy
Issuer symbol
PGC
Transactions as of
11 Mar 2022
Net transactions value
-$8,226
Form type
4
Filing time
15 Mar 2022, 11:01:21 UTC
Previous filing
08 Feb 2022
Next filing
23 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 Tax liability $8,226 -221 -0.35% $37.22 63,170 11 Mar 2022 Direct F1, F2
holding PGC Common Stock 69,801 11 Mar 2022 Rabbi Trust F3
holding PGC Common Stock 18,105 11 Mar 2022 401(k) F4
holding PGC Common Stock 7,877 11 Mar 2022 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 5,640 11 Mar 2022 Common Stock 5,640 Direct F6, F7
holding PGC Restricted Stock Units 40,191 11 Mar 2022 Common Stock 40,191 Direct F6, F8
holding PGC Restricted Stock Units 59,898 11 Mar 2022 Common Stock 59,898 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
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.