Douglas L. Kennedy - Mar 20, 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
President & CEO, Director
Signature
Douglas L. Kennedy
Stock symbol
PGC
Transactions as of
Mar 20, 2022
Transactions value $
$0
Form type
4
Date filed
3/23/2022, 01:55 PM
Previous filing
Mar 15, 2022
Next filing
May 4, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PGC Common Stock 63.2K Mar 20, 2022 Direct F1
holding PGC Common Stock 96.7K Mar 20, 2022 Rabbi Trust F2
holding PGC Common Stock 18.1K Mar 20, 2022 401(k) F3
holding PGC Common Stock 7.88K Mar 20, 2022 Employee Stock Purchase Plan F4

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 +18.4K +59.56% $0.00 49.2K Mar 20, 2022 Common Stock 18.4K Direct F5, F7
transaction PGC Restricted Stock Units Award $0 +18.4K +39.34% $0.00 65.1K Mar 20, 2022 Common Stock 18.4K Direct F8, F9
holding PGC Restricted Stock Units 1.24K Mar 20, 2022 Common Stock 1.24K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 18,284 shares held in trust.
F2 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F3 Includes 401(k) contributions used to purchase PGC stock.
F4 Includes shares received through dividend reinvestment since the last filing.
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.
F7 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.
F8 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.
F9 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.