Spero Vincent A 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 26, 2021
Insider Transaction Report
Form 4
Spero Vincent A
EVP & Chief Lending Officer
Transactions
- Sale
Common Stock
2021-03-25$30.25/sh−5,835$176,509→ 42,665.683 total
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
- 18,305
Restricted Stock Units
→ Common Stock (18,305 underlying) - 8,921
Restricted Stock Units
→ Common Stock (8,921 underlying)
Footnotes (6)
- [F1]Includes 401(k) contributions used to purchase PGC stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- [F3]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.
- [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.