Maureen Hemhauser - 20 Mar 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP & Chief Risk Officer
Signature
Maureen Hemhauser
Issuer symbol
PGC
Transactions as of
20 Mar 2022
Net transactions value
-$13,653
Form type
4
Filing time
23 Mar 2022, 13:51:24 UTC
Previous filing
15 Mar 2022
Next filing
23 Jun 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 $13,653 -371 -11% $36.80 2,886 20 Mar 2022 Direct F1
holding PGC Common Stock 657 20 Mar 2022 Rabbi Trust F2
holding PGC Common Stock 443 20 Mar 2022 401(k) F3

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
transaction PGC Restricted Stock Units Award $0 +4,712 +107% $0.000000 9,104 20 Mar 2022 Common Stock 4,712 Direct F4, F6
transaction PGC Restricted Stock Units Award $0 +1,570 +143% $0.000000 2,666 20 Mar 2022 Common Stock 1,570 Direct F7, F8
holding PGC Restricted Stock Units 419 20 Mar 2022 Common Stock 419 Direct F4, F5
* 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 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F5 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.
F6 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.
F7 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.
F8 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.