BABCOCK JOHN P 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 20, 2025
Insider Transaction Report
Form 4
BABCOCK JOHN P
SEVP & Pres of Priv Wealth Mgt
Transactions
- Sale
Common Stock
2025-03-19$28.76/sh−10,000$287,646→ 39,155 total
Holdings
- 47,925(indirect: By Trust)
Common Stock
- 6,673.71(indirect: By 401(k))
Common Stock
- 8,278
Phantom Stock
→ Common Stock (8,278 underlying) - 12,418
Phantom Stock
→ Common Stock (12,418 underlying) - 17,132
Restricted Stock Units
→ Common Stock (17,132 underlying) - 8,624
Phantom Stock
→ Common Stock (8,624 underlying) - 30,543
Restricted Stock Units
→ Common Stock (30,543 underlying)
Footnotes (11)
- [F1]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- [F10]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.
- [F11]The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
- [F2]Includes 401(k) contributions used to purchase PGC stock.
- [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 five approximately equal installments on each of the first five anniversaries of the grant date.
- [F5]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.
- [F6]The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
- [F7]Each share of phantom stock is the economic equivalent of one share of common stock.
- [F8]The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
- [F9]The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.