Robert A. Plante - 28 Apr 2023 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Chief Operating Officer
Signature
Robert A. Plante
Issuer symbol
PGC
Transactions as of
28 Apr 2023
Net transactions value
+$39,900
Form type
4
Filing time
01 May 2023, 15:16:51 UTC
Previous filing
22 Mar 2023
Next filing
26 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Purchase $39,900 +1,500 +62% $26.60 3,932 28 Apr 2023 Direct
holding PGC Common Stock 41,231 28 Apr 2023 Rabbi Trust F1
holding PGC Common Stock 212 28 Apr 2023 401(k) F2
holding PGC Common Stock 2,389 28 Apr 2023 Employee Stock Purchase Plan

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 327 28 Apr 2023 Common Stock 327 Direct F3, F4
holding PGC Restricted Stock Units 16,616 28 Apr 2023 Common Stock 16,616 Direct F3, F5
holding PGC Restricted Stock Units 18,128 28 Apr 2023 Common Stock 18,128 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F2 Includes 401(k) contributions used to purchase PGC stock.
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.