Douglas L. Kennedy - 02 May 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
02 May 2022
Net transactions value
+$31,110
Form type
4
Filing time
04 May 2022, 14:17:21 UTC
Previous filing
23 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 Purchase $31,110 +1,000 +1.6% $31.11 64,170 02 May 2022 Direct F1
holding PGC Common Stock 98,445 02 May 2022 Rabbi Trust F2
holding PGC Common Stock 18,105 02 May 2022 401(k) F3
holding PGC Common Stock 7,877 02 May 2022 Employee Stock Purchase Plan

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 1,242 02 May 2022 Common Stock 1,242 Direct F4, F5
holding PGC Restricted Stock Units 49,225 02 May 2022 Common Stock 49,225 Direct F4, F6
holding PGC Restricted Stock Units 65,080 02 May 2022 Common Stock 65,080 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 18,284 shares held in trust.
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.