Stuart Vorcheimer - May 21, 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
May 21, 2024
Transactions value $
-$111,007
Form type
4
Date filed
5/22/2024, 12:32 PM
Previous filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale -$111K -4.61K -67.64% $24.09 2.2K May 21, 2024 Direct
holding PGC Common Stock 890 May 21, 2024 Employee Stock Purchase Plan

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
holding PGC Restricted Stock Units 10.9K May 21, 2024 Common Stock 10.9K Direct F1, F2
holding PGC Restricted Stock Units 5.1K May 21, 2024 Common Stock 5.1K Direct F1, F3
holding PGC Phantom Stock 7.14K May 21, 2024 Common Stock 7.14K Direct F4, F5
holding PGC Phantom Stock 4.12K May 21, 2024 Common Stock 4.12K Direct F4, F6
holding PGC Phantom Stock 2.38K May 21, 2024 Common Stock 2.38K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F2 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.
F3 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
F4 Each share of phantom stock is the economic equivalent of one share of common stock.
F5 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F6 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F7 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.
F8 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.