Vorcheimer Stuart M. 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 22, 2023
Insider Transaction Report
Form 4
Vorcheimer Stuart M.
EVP, Comm & Ind Lndg
Transactions
- Award
Restricted Stock Unit
2023-03-20+8,496→ 21,221 total→ Common Stock (8,496 underlying) - Tax Payment
Common Stock
2023-03-20$30.96/sh−1,861$57,617→ 10,450 total - Award
Restricted Stock Units
2023-03-20+2,832→ 5,097 total→ Common Stock (2,832 underlying)
Holdings
- 715.336(indirect: Employee Stock Purchase Plan)
Common Stock
- 230
Restricted Stock Units
→ Common Stock (230 underlying)
Footnotes (7)
- [F1]Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- [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.