Spero Vincent A 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 24, 2021
Insider Transaction Report
Form 4
Spero Vincent A
EVP & Chief Lending Officer
Transactions
- Award
Restricted Stock Units
2021-03-20+1,792→ 8,920 total→ Common Stock (1,792 underlying) - Tax Payment
Common Stock
2021-03-20$31.36/sh−3,397$106,530→ 48,500.683 total - Award
Restricted Stock Units
2021-03-20+5,379→ 18,305 total→ Common Stock (5,379 underlying)
Holdings
- 4,504.789(indirect: Employee Stock Purchase Plan)
Common Stock
- 3,011
Restricted Stock Units
→ Common Stock (3,011 underlying) - 17,911.08(indirect: By 401(k))
Common Stock
Footnotes (8)
- [F1]Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- [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.