BABCOCK JOHN P 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 28, 2023
Insider Transaction Report
Form 4
BABCOCK JOHN P
SEVP & Pres of Priv Wealth Mgt
Transactions
- Sale
Common Stock
2023-03-27$30.59/sh−5,000$152,937→ 71,242 total
Holdings
- 6,579(indirect: By 401(k))
Common Stock
- 487
Restricted Stock Unit
→ Common Stock (487 underlying) - 45,470(indirect: By Trust)
Common Stock
- 37,286
Restricted Stock Unit
→ Common Stock (37,286 underlying) - 40,535
Restricted Stock Unit
→ Common Stock (40,535 underlying)
Footnotes (7)
- [F1]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- [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.