Waser Eric H. 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Sep 23, 2019
Insider Transaction Report
Form 4
Waser Eric H.
EVP, Head of Comm Banking
Transactions
- Sale
Common Stock
2019-09-23$28.62/sh−1,500$42,936→ 24,441 total
Holdings
- 10,446
Restricted Stock Units
→ Common Stock (10,446 underlying) - 5,947
Restricted Stock Units
→ Common Stock (5,947 underlying) - 4,616.855(indirect: Employee Stock Purchase Plan)
Common Stock
- 4,164
Restricted Stock Units
→ Common Stock (4,164 underlying) - 2,511(indirect: By Trust)
Common Stock
- 4,977.25(indirect: 401 (k))
Common Stock
Footnotes (8)
- [F1]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- [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.