John P. Babcock - 07 Jun 2023 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP & Pres of Priv Wealth Mgt
Signature
John P. Babcock
Issuer symbol
PGC
Transactions as of
07 Jun 2023
Net transactions value
-$181,171
Form type
4
Filing time
08 Jun 2023, 10:24:49 UTC
Previous filing
28 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 Sale $181,171 -6,000 -8.4% $30.20 65,242 07 Jun 2023 Direct
holding PGC Common Stock 45,470 07 Jun 2023 Rabbi Trust F1
holding PGC Common Stock 6,591 07 Jun 2023 401(k) 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 Unit 487 07 Jun 2023 Common Stock 487 Direct F3, F4
holding PGC Restricted Stock Unit 37,286 07 Jun 2023 Common Stock 37,286 Direct F3, F5
holding PGC Restricted Stock Unit 40,535 07 Jun 2023 Common Stock 40,535 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.