Lisa Chalkan - 20 Mar 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Chief Credit Officer
Signature
Lisa Chalkan
Issuer symbol
PGC
Transactions as of
20 Mar 2024
Transactions value $
$-19,495
Form type
4
Filing time
22 Mar 2024, 18:06:30 UTC
Previous filing
26 Jun 2023
Next filing
24 Mar 2025
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 $-19,495 -815 -3.21% $23.92 24,592 20 Mar 2024 Direct
holding PGC Common Stock 495 20 Mar 2024 401(k)

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 Phantom Stock Award $0 +6,337 $0.000000 6,337 20 Mar 2024 Common Stock 6,337 Direct F1, F2
transaction PGC Phantom Stock Award $0 +2,112 $0.000000 2,112 20 Mar 2024 Common Stock 2,112 Direct F1, F3
holding PGC Phantom Stock 2,341 20 Mar 2024 Common Stock 2,341 Direct F1, F4
holding PGC Restricted Stock Units 553 20 Mar 2024 Common Stock 553 Direct F5, F6
holding PGC Restricted Stock Units 6,240 20 Mar 2024 Common Stock 6,240 Direct F5, F7
holding PGC Restricted Stock Units 2,600 20 Mar 2024 Common Stock 2,600 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of common stock.
F2 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F3 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
F4 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
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.