Filing Details
- Accession Number:
- 0000950170-25-043590
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-03-24 11:58:14
- Reporting Period:
- 2025-03-20
- Filing Date:
- 2025-03-24
- Accepted Time:
- 2025-03-24 11:58:14
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1050743 | Peapack Gladstone Financial Corp | PGC | Commercial Banks, Nec (6029) | 223537895 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1560350 | L Douglas Kennedy | 500 Hills Drive, Suite 300 Po Box 700 Bedminster NJ 07921 | President & Ceo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2025-03-20 | 1,788 | $29.55 | 45,409 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2025-03-21 | 5,000 | $28.79 | 40,409 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2025-03-20 | 11,689 | $0.00 | 11,689 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2025-03-20 | 17,534 | $0.00 | 17,534 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 11,689 | No | 4 | A | Direct | ||
| 43,742 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 207,136 | Indirect | Rabbi Trust |
| Common Stock | 18,493 | Indirect | 401(k) |
| Common Stock | 10,077 | Indirect | Employee Stock Purchase Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | $0.00 | 17,836 | 17,836 | Direct | ||
| Common Stock | Phantom Stock | $0.00 | 6,881 | 6,881 | Direct | ||
| Common Stock | Phantom Stock | $0.00 | 2,828 | 2,828 | Direct | ||
| Common Stock | Phantom Stock | $0.00 | 15,482 | 15,482 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 17,836 | 17,836 | Direct | |
| 6,881 | 6,881 | Direct | |
| 2,828 | 2,828 | Direct | |
| 15,482 | 15,482 | Direct |
Footnotes
- Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- The sale of common stock reflected in this Form 4 was pursuant to a Rule 10b-5 trading plan dates November 22, 2024.
- Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- Includes 401(k) contributions used to purchase PGC stock.
- Includes shares received through dividend reinvestment since the last filing.
- Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- 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.
- 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.
- 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.
- The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
- Each share of phantom stock is the economic equivalent of one share of common stock.
- The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
- The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
- 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.
- The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
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