John P. Babcock - Jun 22, 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Signature
John P. Babcock
Stock symbol
PGC
Transactions as of
Jun 22, 2022
Transactions value $
-$4,977
Form type
4
Date filed
6/23/2022, 04:02 PM
Previous filing
Mar 23, 2022
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability -$4.98K -161 -0.26% $30.91 61.6K Jun 22, 2022 Direct F1
holding PGC Common Stock 29.8K Jun 22, 2022 Rabbi Trust F2
holding PGC Common Stock 6.53K Jun 22, 2022 401(k) F3

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 Unit 487 Jun 22, 2022 Common Stock 487 Direct F4, F5
holding PGC Restricted Stock Unit 34.5K Jun 22, 2022 Common Stock 34.5K Direct F4, F6
holding PGC Restricted Stock Unit 45.7K Jun 22, 2022 Common Stock 45.7K Direct F7, F8
* 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 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F5 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.
F6 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.
F7 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.
F8 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.