Stuart Vorcheimer - Mar 20, 2025 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Comm & Ind Lndg
Signature
Stuart Vorcheimer
Stock symbol
PGC
Transactions as of
Mar 20, 2025
Transactions value $
-$53,190
Form type
4
Date filed
3/24/2025, 12:08 PM
Previous filing
May 22, 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 -$53.2K -1.8K -22.62% $29.55 6.16K Mar 20, 2025 Direct F1, F12
holding PGC Common Stock 1.01K Mar 20, 2025 Employee Stock Purchase Plan 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
transaction PGC Restricted Stock Units Award $0 +5.57K $0.00 5.57K Mar 20, 2025 Common Stock 5.57K Direct F2, F3
transaction PGC Restricted Stock Units Award $0 +1.86K +65.54% $0.00 4.69K Mar 20, 2025 Common Stock 1.86K Direct F4, F5
holding PGC Restricted Stock Units 7.82K Mar 20, 2025 Common Stock 7.82K Direct F2, F6
holding PGC Phantom Stock 4.76K Mar 20, 2025 Common Stock 4.76K Direct F7, F8
holding PGC Phantom Stock 943 Mar 20, 2025 Common Stock 943 Direct F7, F9
holding PGC Phantom Stock 2.38K Mar 20, 2025 Common Stock 2.38K Direct F10, F11
* 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 three approximately equal installments on each of the first three 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 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.
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.
F12 Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.