Gregory M. Smith - 19 May 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
19 May 2022
Net transactions value
-$52,813
Form type
4
Filing time
24 May 2022, 16:12:41 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 Tax liability $52,813 -1,754 -17% $30.11 8,424 19 May 2022 Direct F1
holding PGC Common Stock 1 19 May 2022 ESPP

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 572 19 May 2022 Common Stock 572 Direct F2, F3
holding PGC Restricted Stock Units 30,290 19 May 2022 Common Stock 30,290 Direct F2, F4
holding PGC Restricted Stock Units 16,492 19 May 2022 Common Stock 16,492 Direct F5, F6
* 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 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F3 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.
F4 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.
F5 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.
F6 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.