Spero Vincent A 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 23, 2022
Insider Transaction Report
Form 4
Spero Vincent A
EVP & Chief Lending Officer
Transactions
- Award
Restricted Stock Units
2022-03-20+1,916→ 8,645 total→ Common Stock (1,916 underlying) - Tax Payment
Common Stock
2022-03-20$36.80/sh−3,344$123,059→ 43,318.971 total - Award
Restricted Stock Units
2022-03-20+5,749→ 19,222 total→ Common Stock (5,749 underlying)
Holdings
- 4,952.357(indirect: Employee Stock Purchase Plan)
Common Stock
- 17,999.992(indirect: By 401(k))
Common Stock
- 546
Restricted Stock Units
→ Common Stock (546 underlying)
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.