Stuart Vorcheimer - Mar 20, 2024 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, 2024
Transactions value $
-$24,111
Form type
4
Date filed
3/22/2024, 05:36 PM
Previous filing
Sep 7, 2023
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability -$24.1K -1.01K -12.89% $23.92 6.81K Mar 20, 2024 Direct F1
holding PGC Common Stock 872 Mar 20, 2024 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 Phantom Stock Award $0 +7.14K $0.00 7.14K Mar 20, 2024 Common Stock 7.14K Direct F2, F3
transaction PGC Phantom Stock Award $0 +2.38K $0.00 2.38K Mar 20, 2024 Common Stock 2.38K Direct F4, F5
holding PGC Restricted Stock Units 10.9K Mar 20, 2024 Common Stock 10.9K Direct F6, F7
holding PGC Restricted Stock Units 5.1K Mar 20, 2024 Common Stock 5.1K Direct F8, F9
holding PGC Phantom Stock 4.12K Mar 20, 2024 Common Stock 4.12K Direct F2, 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 share of phantom stock is the economic equivalent of one share of common stock.
F3 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F4 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.
F5 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
F6 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
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.
F10 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.