Gregory M. Smith - Jan 30, 2025 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
SEVP, President Comml Banking
Signature
Gregory M. Smith
Stock symbol
PGC
Transactions as of
Jan 30, 2025
Transactions value $
-$563,293
Form type
4
Date filed
1/31/2025, 02:23 PM
Previous filing
Mar 22, 2024
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 Sale -$563K -17.6K -98.34% $31.95 297 Jan 30, 2025 Direct F1

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 11K Jan 30, 2025 Common Stock 11K Direct F2, F3
holding PGC Restricted Stock Units 19.5K Jan 30, 2025 Common Stock 19.5K Direct F4, F5
holding PGC Phantom Stock 5.4K Jan 30, 2025 Common Stock 5.4K Direct F6, F7
holding PGC Phantom Stock 4.43K Jan 30, 2025 Common Stock 4.43K Direct F6, F8
holding PGC Phantom Stock 8.1K Jan 30, 2025 Common Stock 8.1K Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares received through dividend reinvestment since the last filing.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F3 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.
F4 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.
F5 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F6 Each share of phantom stock is the economic equivalent of one share of common stock.
F7 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F8 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F9 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.
F10 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.