Jeffrey J. Carfora - 20 Mar 2023 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP
Signature
Jeffrey J. Carfora
Issuer symbol
PGC
Transactions as of
20 Mar 2023
Net transactions value
-$270,931
Form type
4
Filing time
22 Mar 2023, 16:29:34 UTC
Previous 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 $270,931 -8,751 -6.4% $30.96 128,557 20 Mar 2023 Direct F1
holding PGC Common Stock 1,273 20 Mar 2023 401(k) F2
holding PGC Common Stock 8,656 20 Mar 2023 Employee Stock Purchase Plan F3

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 Restricted Stock Units Award $0 +8,258 +47% $0.000000 25,723 20 Mar 2023 Common Stock 8,258 Direct F4, F6
transaction PGC Restricted Stock Units Award $0 +12,387 +80% $0.000000 27,965 20 Mar 2023 Common Stock 12,387 Direct F7, F8
holding PGC Restricted Stock Units 336 20 Mar 2023 Common Stock 336 Direct F4, F5
* 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 401(k) contributions used to purchase PGC stock.
F3 Includes shares received through dividend reinvestment since the last filing.
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.