Spero Vincent A 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Nov 18, 2021
Insider Transaction Report
Form 4
Spero Vincent A
EVP & Chief Lending Officer
Transactions
- Sale
Common Stock
2021-11-17$34.95/sh−5,835$203,933→ 37,351.384 total
Holdings
- 4,791.207(indirect: Employee Stock Purchase Plan)
Common Stock
- 18,305
Restricted Stock Units
→ Common Stock (18,305 underlying) - 8,921
Restricted Stock Units
→ Common Stock (8,921 underlying) - 17,974.55(indirect: By 401(k))
Common Stock
- 2,739
Restricted Stock Units
→ Common Stock (2,739 underlying)
Footnotes (7)
- [F1]Includes shares received through dividend reinvestment since the last filing.
- [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.