Gregory M. Smith - 20 Mar 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP, President Comml Banking
Signature
Gregory M. Smith
Issuer symbol
PGC
Transactions as of
20 Mar 2022
Net transactions value
-$43,792
Form type
4
Filing time
23 Mar 2022, 14:09:09 UTC
Previous filing
30 Sep 2021
Next filing
24 May 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 $43,792 -1,190 -20% $36.80 4,856 20 Mar 2022 Direct F1
holding PGC Common Stock 1 20 Mar 2022 ESPP F2

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 +7,853 +28% $0.000000 35,612 20 Mar 2022 Common Stock 7,853 Direct F3, F5
transaction PGC Restricted Stock Units Award $0 +7,853 +91% $0.000000 16,492 20 Mar 2022 Common Stock 7,853 Direct F6, F7
holding PGC Restricted Stock Units 572 20 Mar 2022 Common Stock 572 Direct F3, F4
* 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 Includes shares received through dividend reinvestment since the last filing.
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.