Douglas L. Kennedy - Mar 20, 2023 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, 2023
Transactions value $
$0
Form type
4
Date filed
3/22/2023, 04:44 PM
Previous filing
Mar 13, 2023
Next filing
Jun 26, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PGC Common Stock 65.5K Mar 20, 2023 Direct F1
holding PGC Common Stock 153K Mar 20, 2023 Rabbi Trust F2
holding PGC Common Stock 18.2K Mar 20, 2023 401(k) F3
holding PGC Common Stock 8.61K Mar 20, 2023 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 +17.5K +48.25% $0.00 53.7K Mar 20, 2023 Common Stock 17.5K Direct F5, F7
transaction PGC Restricted Stock Units Award $0 +26.2K +80.64% $0.00 58.7K Mar 20, 2023 Common Stock 26.2K Direct F8, F9
holding PGC Restricted Stock Units 621 Mar 20, 2023 Common Stock 621 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.