Eric H. Waser - 11 Mar 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Head of Investment Bkg
Signature
Eric H. Waser
Issuer symbol
PGC
Transactions as of
11 Mar 2022
Net transactions value
-$7,146
Form type
4
Filing time
15 Mar 2022, 11:15:31 UTC
Previous filing
24 Jun 2021
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 $7,146 -192 -1% $37.22 18,124 11 Mar 2022 Direct F1
holding PGC Common Stock 15,550 11 Mar 2022 Rabbi Trust F2
holding PGC Common Stock 9,828 11 Mar 2022 401 (k) F3
holding PGC Common Stock 4,703 11 Mar 2022 Employee Stock Purchase Plan F4

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 494 11 Mar 2022 Common Stock 494 Direct F5, F6
holding PGC Restricted Stock Units 16,907 11 Mar 2022 Common Stock 16,907 Direct F5, F7
holding PGC Restricted Stock Units 7,458 11 Mar 2022 Common Stock 7,458 Direct F8, F9
* 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 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F3 Includes 401(k) contributions used to purchase PGC stock.
F4 Includes shares received through dividend reinvestment since the last filing.
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.