Stuart M. Vorcheimer - 22 Jun 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Comm & Ind Lndg
Signature
Stuart M. Vorcheimer
Issuer symbol
PGC
Transactions as of
22 Jun 2022
Net transactions value
-$2,349
Form type
4
Filing time
23 Jun 2022, 16:34:32 UTC
Previous filing
23 Mar 2022
Next filing
06 Dec 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 $2,349 -76 -0.94% $30.91 7,980 22 Jun 2022 Direct F1, F2
holding PGC Common Stock 640 22 Jun 2022 Employee Stock Purchase Plan 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
holding PGC Restricted Stock Units 230 22 Jun 2022 Common Stock 230 Direct F3, F4
holding PGC Restricted Stock Unit 17,796 22 Jun 2022 Common Stock 17,796 Direct F3, F5
holding PGC Restricted Stock Units 2,265 22 Jun 2022 Common Stock 2,265 Direct F6, F7
* 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.