John P. Babcock - Mar 20, 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP & Pres of Priv Wealth Mgt
Signature
John P Babcock
Stock symbol
PGC
Transactions as of
Mar 20, 2024
Transactions value $
-$19,375
Form type
4
Date filed
3/22/2024, 06:17 PM
Previous filing
Jun 26, 2023
Next filing
Aug 19, 2024
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 -$19.4K -810 -1.19% $23.92 67.2K Mar 20, 2024 Direct
holding PGC Common Stock 47.9K Mar 20, 2024 Rabbi Trust F1
holding PGC Common Stock 6.63K Mar 20, 2024 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
transaction PGC Phantom Stock Award $0 +8.28K $0.00 8.28K Mar 20, 2024 Common Stock 8.28K Direct F3, F4
transaction PGC Phantom Stock Award $0 +12.4K $0.00 12.4K Mar 20, 2024 Common Stock 12.4K Direct F5, F6
holding PGC Phantom Stock 8.62K Mar 20, 2024 Common Stock 8.62K Direct F3, F7, F8
holding PGC Restricted Stock Units 17.1K Mar 20, 2024 Common Stock 17.1K Direct F9, F10
holding PGC Restricted Stock Units 30.5K Mar 20, 2024 Common Stock 30.5K Direct F11, F12
* 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 share of phantom stock is the economic equivalent of one share of common stock.
F4 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F5 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.
F6 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
F7 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F8 The phantom stock will cliff vest, after three years, if certain performance conditions are met.
F9 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F10 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.
F11 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.
F12 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.