Eric H. Waser - Jun 22, 2021 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Head of Investment Bkg
Signature
Eric H. Waser
Stock symbol
PGC
Transactions as of
Jun 22, 2021
Transactions value $
-$3,232
Form type
4
Date filed
6/24/2021, 04:22 PM
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability -$3.23K -101 -0.57% $32.00 17.7K Jun 22, 2021 Direct F1
holding PGC Common Stock 15.6K Jun 22, 2021 Rabbi Trust F2
holding PGC Common Stock 8.35K Jun 22, 2021 401 (k) F3
holding PGC Common Stock 4.68K Jun 22, 2021 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
holding PGC Restricted Stock Units 494 Jun 22, 2021 Common Stock 494 Direct F5, F6
holding PGC Restricted Stock Units 17.5K Jun 22, 2021 Common Stock 17.5K Direct F5, F7
holding PGC Restricted Stock Units 7.46K Jun 22, 2021 Common Stock 7.46K Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
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.