Lisa Chalkan - 20 Mar 2025 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 2025
Transactions value $
$-17,819
Form type
4
Filing time
24 Mar 2025, 11:51:54 UTC
Previous filing
22 Mar 2024
Next filing
19 Sep 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 $-17,819 -603 -2.26% $29.55 26,102 20 Mar 2025 Direct F1
holding PGC Common Stock 498 20 Mar 2025 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 Restricted Stock Units Award $0 +4,899 $0.000000 4,899 20 Mar 2025 Common Stock 4,899 Direct F2, F3
transaction PGC Restricted Stock Units Award $0 +1,633 +62.8% $0.000000 4,233 20 Mar 2025 Common Stock 1,633 Direct F5, F6
holding PGC Restricted Stock Units 4,680 20 Mar 2025 Common Stock 4,680 Direct F2, F4
holding PGC Phantom Stock 4,225 20 Mar 2025 Common Stock 4,225 Direct F7, F8
holding PGC Phantom Stock 326 20 Mar 2025 Common Stock 326 Direct F7, F9
holding PGC Phantom Stock 2,112 20 Mar 2025 Common Stock 2,112 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
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 three approximately equal installments on each of the first three anniversaries of the grant date.
F4 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.
F5 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.
F6 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F7 Each share of phantom stock is the economic equivalent of one share of common stock.
F8 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F9 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F10 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.
F11 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.