Douglas L. Kennedy - Mar 13, 2023 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
President & CEO, Director
Signature
Douglas L. Kennedy
Stock symbol
PGC
Transactions as of
Mar 13, 2023
Transactions value $
$32,026
Form type
4
Date filed
3/13/2023, 04:34 PM
Previous filing
Jun 23, 2022
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Purchase $32K +1K +1.55% $32.03 65.5K Mar 13, 2023 Direct F1
holding PGC Common Stock 98.4K Mar 13, 2023 Rabbi Trust F2
holding PGC Common Stock 18.2K Mar 13, 2023 401(k) F3
holding PGC Common Stock 8.61K Mar 13, 2023 Employee Stock Purchase Plan F4

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 621 Mar 13, 2023 Common Stock 621 Direct F5, F6
holding PGC Restricted Stock Units 49.2K Mar 13, 2023 Common Stock 49.2K Direct F5, F7
holding PGC Restricted Stock Units 65.1K Mar 13, 2023 Common Stock 65.1K Direct F8, F9
* 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 Includes shares received through dividend reinvestment since the last filing.
F5 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F6 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.
F7 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.
F8 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.
F9 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.