Vincent A. Spero - 20 Mar 2022 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: 20 Mar 2022
Net transactions value: -$123,059
Form type: 4
Filing time: 23 Mar 2022, 14:11:21 UTC
Previous filing: 15 Mar 2022
Next filing: 03 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	$123,059	-3,344	-7.2%	$36.80	43,319	20 Mar 2022	Direct	F1
holding	PGC	Common Stock						18,000	20 Mar 2022	401(k) Plan/Profit Sharing	F2
holding	PGC	Common Stock						4,952	20 Mar 2022	Employee Stock Purchase Plan	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	+5,749	+43%	$0.000000	19,222	20 Mar 2022	Common Stock	5,749		Direct	F4, F6
transaction	PGC	Restricted Stock Units	Award	$0	+1,916	+28%	$0.000000	8,645	20 Mar 2022	Common Stock	1,916		Direct	F7, F8
holding	PGC	Restricted Stock Units						546	20 Mar 2022	Common Stock	546		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	Includes 401(k) contributions used to purchase PGC stock.
F3	Includes shares received through dividend reinvestment since the last filing.
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.