Vorcheimer Stuart M. 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Sep 7, 2023
Insider Transaction Report
Form 4
Vorcheimer Stuart M.
EVP, Comm & Ind Lndg
Transactions
- Sale
Common Stock
2023-09-06$26.80/sh−6,000$160,816→ 4,762.281 total
Holdings
- 21,221
Restricted Stock Unit
→ Common Stock (21,221 underlying) - 5,097
Restricted Stock Units
→ Common Stock (5,097 underlying) - 791.232(indirect: Employee Stock Purchase Plan)
Common Stock
Footnotes (6)
- [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 five approximately equal installments on each of the first five anniversaries of the grant date.
- [F5]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.
- [F6]The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.