Edward Gramigna - Dec 27, 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
Director
Signature
Edward A. Gramigna, Jr.
Stock symbol
PGC
Transactions as of
Dec 27, 2022
Transactions value $
$4
Form type
4
Date filed
12/29/2022, 01:57 PM
Previous filing
Mar 21, 2022
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Options Exercise $36.7K +2.5K +37.08% $14.68 9.24K Dec 27, 2022 Direct F1
transaction PGC Common Stock Tax liability -$36.7K -995 -10.77% $36.88 8.25K Dec 27, 2022 Direct
holding PGC Common Stock 9.73K Dec 27, 2022 Rabbi Trust 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 Stock Option (right to buy) Options Exercise -2.5K -100% 0 Dec 27, 2022 Common Stock 2.5K $14.68 Direct F5, F6
holding PGC Restricted Stock Units 2.8K Dec 27, 2022 Common Stock 2.8K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares received through dividend reinvestment since the last filing.
F2 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
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 two approximately equal installments on each of the first two anniversaries of the grant date.
F5 The options are exercisable in three equal annual installments on January 2, 2014, 2015 and 2016.
F6 Option grant has no purchase or sale price.