Doyle Timothy E 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Nov 9, 2020
Insider Transaction Report
Form 4
Doyle Timothy E
Chief Credit Officer
Transactions
- Purchase
Common Stock
2020-11-06$17.33/sh+2,000$34,660→ 4,748.492 total
Holdings
- 7,785
Restricted Stock Units
→ Common Stock (7,785 underlying) - 1,121.345(indirect: ESPP)
Common Stock
- 2,890.245(indirect: By 401(k))
Common Stock
- 2,672
Restricted Stock Units
→ Common Stock (2,672 underlying) - 886(indirect: By Trust)
Common Stock
- 7,827
Restricted Stock Units
→ Common Stock (7,827 underlying)
Footnotes (7)
- [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]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 three approximately equal installments on each of the first three anniversaries of the grant date.
- [F5]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.
- [F6]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.
- [F7]The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.