Vincent A. Spero - Aug 18, 2022 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Head of Comml Real Estate
Signature
Vincent A. Spero
Stock symbol
PGC
Transactions as of
Aug 18, 2022
Transactions value $
-$126,875
Form type
4
Date filed
8/22/2022, 09:06 AM
Previous filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Sale -$127K -3.5K -8.6% $36.25 37.2K Aug 18, 2022 Direct
holding PGC Common Stock 18K Aug 18, 2022 401(k) Plan/Profit Sharing F1
holding PGC Common Stock 5.12K Aug 18, 2022 Employee Stock Purchase Plan F2

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 273 Aug 18, 2022 Common Stock 273 Direct F3, F4
holding PGC Restricted Stock Units 19.2K Aug 18, 2022 Common Stock 19.2K Direct F3, F5
holding PGC Restricted Stock Units 8.65K Aug 18, 2022 Common Stock 8.65K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 401(k) contributions used to purchase PGC stock.
F2 Includes shares received through dividend reinvestment since the last filing.
F3 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F4 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.
F5 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.
F6 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.
F7 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.