Frank A. Cavallaro - Mar 20, 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role: SEVP & Chief Financial Officer
Signature: Frank A. Cavallaro
Stock symbol: PGC
Transactions as of: Mar 20, 2024
Transactions value $: -$14,280
Form type: 4
Date filed: 3/22/2024, 06:13 PM
Previous filing: Aug 4, 2023
Next filing: Mar 24, 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	-$14.3K	-597	-8.01%	$23.92	6.86K	Mar 20, 2024	Direct

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	+4.39K		$0.00	4.39K	Mar 20, 2024	Common Stock	4.39K		Direct	F1, F2
transaction	PGC	Phantom Stock	Award	$0	+6.58K		$0.00	6.58K	Mar 20, 2024	Common Stock	6.58K		Direct	F3, F4
holding	PGC	Restricted Stock Units						3.23K	Mar 20, 2024	Common Stock	3.23K		Direct	F5, F6

* 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	Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met.
F4	The phantom stock will cliff vest, after three years, if certain performance conditions are met.
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.