Spero Vincent A 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Aug 22, 2022
Insider Transaction Report
Form 4
Spero Vincent A
EVP & Chief Lending Officer
Transactions
- Sale
Common Stock
2022-08-18$36.25/sh−3,500$126,875→ 37,178.971 total
Holdings
- 17,999.992(indirect: By 401(k))
Common Stock
- 19,222
Restricted Stock Units
→ Common Stock (19,222 underlying) - 5,121.546(indirect: Employee Stock Purchase Plan)
Common Stock
- 273
Restricted Stock Units
→ Common Stock (273 underlying) - 8,645
Restricted Stock Units
→ Common Stock (8,645 underlying)
Footnotes (7)
- [F1]Includes 401(k) contributions used to purchase PGC stock.
- [F2]Includes shares received through dividend reinvestment since the last filing.
- [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.