Peapack-Gladstone Financial Corporation

11/05/2024 | Press release | Distributed by Public on 11/05/2024 13:46

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
BABCOCK JOHN P
2. Issuer Name and Ticker or Trading Symbol
PEAPACK GLADSTONE FINANCIAL CORP [PGC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SEVP & Pres of Priv Wealth Mgt
(Last) (First) (Middle)
500 HILLS DRIVE, SUITE 300, PO BOX 700
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2024
(Street)
BEDMINSTER, NJ 07921
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/04/2024 S 3,000 D $32.2924 49,155 D
Common Stock 47,925 I Rabbi Trust(1)
Common Stock 6,642.23 I 401(k)(2)
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)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
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 Owners

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

Signatures

John P Babcock 11/05/2024
**Signature of Reporting Person Date

Explanation of Responses:

* 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.