BABCOCK JOHN P 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Jun 23, 2022
Insider Transaction Report
Form 4
BABCOCK JOHN P
SEVP & Pres of Priv Wealth Mgt
Transactions
- Tax Payment
Common Stock
2022-06-22$30.91/sh−161$4,977→ 61,644 total
Holdings
- 6,534(indirect: By 401(k))
Common Stock
- 34,452
Restricted Stock Unit
→ Common Stock (34,452 underlying) - 29,787(indirect: By Trust)
Common Stock
- 487
Restricted Stock Unit
→ Common Stock (487 underlying) - 45,694
Restricted Stock Unit
→ Common Stock (45,694 underlying)
Footnotes (8)
- [F1]Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- [F2]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- [F3]Includes 401(k) contributions used to purchase PGC stock.
- [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.