Stuart Vorcheimer - Mar 20, 2023 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
EVP, Comm & Ind Lndg
Signature
Stuart M. Vorcheimer
Stock symbol
PGC
Transactions as of
Mar 20, 2023
Transactions value $
-$57,617
Form type
4
Date filed
3/22/2023, 05:06 PM
Previous filing
Dec 6, 2022
Next filing
Jun 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability -$57.6K -1.86K -15.12% $30.96 10.5K Mar 20, 2023 Direct F1, F2
holding PGC Common Stock 715 Mar 20, 2023 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
transaction PGC Restricted Stock Unit Award $0 +8.5K +66.77% $0.00 21.2K Mar 20, 2023 Common Stock 8.5K Direct F3, F5
transaction PGC Restricted Stock Units Award $0 +2.83K +125.03% $0.00 5.1K Mar 20, 2023 Common Stock 2.83K Direct F6, F7
holding PGC Restricted Stock Units 230 Mar 20, 2023 Common Stock 230 Direct F3, F4
* 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 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.