SEC Form 4 · accession 0001209191-19-019094
PEAPACK GLADSTONE FINANCIAL CORP · PGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey J Carfora
Officer — SEVP & Chief Financial Officer
Period of report
Mar 11, 2019
Accepted (ET)
Mar 13, 2019 · 3:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050743
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 11, 2019 | F | 961 | $27.75 | D | 81,781 | D | |
| Common Stock | Mar 11, 2019 | F | 716 | $27.75 | D | 82,936 | D | |
| Common Stock | Mar 11, 2019 | F | 108 | $27.75 | D | 83,108 | D | |
| Common StockF2 | holding | — | — | — | 1,237 | I | 401(k) | |
| Common StockF3 | holding | — | — | — | 5,108 | I | Employee Stock Purchase Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 8,579 | 8,579 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 843 | 843 | D |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Common Stock | 6,708 | 6,708 | D |
Explanation of responses
- F1Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- F2Includes 401(k) contributions used to purchase PGC stock.
- F3Includes shares received through dividend reinvestment since the last filing.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- F5The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
- F6The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.
- F7Each 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.
- F8The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.