Cavallaro Frank A. 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 22, 2024
Insider Transaction Report
Form 4
Cavallaro Frank A.
SEVP & Chief Financial Officer
Transactions
- Award
Phantom Stock
2024-03-20+6,584→ 6,584 total→ Common Stock (6,584 underlying) - Tax Payment
Common Stock
2024-03-20$23.92/sh−597$14,280→ 6,855 total - Award
Phantom Stock
2024-03-20+4,389→ 4,389 total→ Common Stock (4,389 underlying)
Holdings
- 3,230
Restricted Stock Units
→ Common Stock (3,230 underlying)
Footnotes (6)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock.
- [F2]The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
- [F3]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.
- [F4]The phantom stock will cliff vest, after three years, if certain performance conditions are met.
- [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.