11/05/2024 | Press release | Distributed by Public on 11/05/2024 13:46
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | (4) | (4) | Common Stock | 17,132 | 17,132 | D | ||||||||
Restricted Stock Units | (5) | (6) | (6) | Common Stock | 30,543 | 30,543 | D | ||||||||
Phantom Stock | (7) | (8) | (8) | Common Stock | 8,278 | 8,278 | D | ||||||||
Phantom Stock | (7) | (9) | (9) | Common Stock | 8,624 | 8,624 | D | ||||||||
Phantom Stock | (10) | (11) | (11) | Common Stock | 12,418 | 12,418 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BABCOCK JOHN P 500 HILLS DRIVE, SUITE 300 PO BOX 700 BEDMINSTER, NJ 07921 |
SEVP & Pres of Priv Wealth Mgt |
John P Babcock | 11/05/2024 |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan. |
(2) | Includes 401(k) contributions used to purchase PGC stock. |
(3) | Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation. |
(4) | 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. |
(5) | 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. |
(6) | The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied. |
(7) | Each share of phantom stock is the economic equivalent of one share of common stock. |
(8) | The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date. |
(9) | The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date. |
(10) | Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met. |
(11) | The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied. |