Spero Vincent A 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Jul 25, 2019
Insider Transaction Report
Form 4
Spero Vincent A
EVP & Chief Lending Officer
Transactions
- Sale
Common Stock
2019-07-24$27.92/sh−3,000$83,746→ 40,028.779 total
Holdings
- 3,466.829(indirect: Employee Stock Purchase Plan)
Common Stock
- 15,599(indirect: By 401(k))
Common Stock
- 12,018
Restricted Stock Units
→ Common Stock (12,018 underlying) - 4,272
Restricted Stock Units
→ Common Stock (4,272 underlying) - 4,481
Restricted Stock Units
→ Common Stock (4,481 underlying)
Footnotes (8)
- [F1]The sale of common stock reflected in this Form 4 was pursuant to a Rule 10b-5 trading plan dated May 9, 2019
- [F2]Includes 401(k) contributions used to purchase PGC stock.
- [F3]Includes shares received through dividend reinvestment since the last filing.
- [F4]Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.