Peapack-Gladstone CAO sells 2,484 PGC shares
PEAPACK GLADSTONE FINANCIAL CORP senior vice president and chief accounting officer Francesco S. Rossi reported selling a total of 2,484.036 shares of common stock on June 11, 2026.
Rhea-AI Filing Summary
PEAPACK GLADSTONE FINANCIAL CORP senior vice president and chief accounting officer Francesco S. Rossi reported selling a total of 2,484.036 shares of common stock on June 11, 2026. The sales included 1,937.0358 shares held through an Employee Stock Purchase Plan and 547.0002 shares held directly, at a price of $45.5150 per share. After these open-market sales, Rossi holds 3,370.058 common shares indirectly through the purchase plan and 5,140.0000 shares directly. He also continues to hold phantom stock awards that are economically equivalent to common shares as they vest over future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,484.036 shares
Net Sell
5 txns
Insider
ROSSI FRANCESCO S
Role
SVP/Chief Accounting Officer
Sold
2,484.036 shs ($113K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 547.0002 | $45.515 | $25K |
| Sale | Common Stock | 1,937.0358 | $45.515 | $88K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,140 shares (Direct);
Common Stock — 3,370.058 shares (Indirect, Employee Stock Purchase Plan);
Phantom Stock — 3,806 contracts (Direct)
Footnotes (3)
- F1. On March 20, 2024, the reporting person was granted 2,228 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2025. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- F2. On March 20, 2025, the reporting person was granted 1,754 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2026. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- F3. On March 20, 2026, the reporting person was granted 1,893 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2027. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
Key Figures
Total shares sold: 2,484.036 shares
Sale price: $45.5150 per share
Indirect shares sold: 1,937.0358 shares
+4 more
7 metrics
Total shares sold
2,484.036 shares
Net common shares sold on June 11, 2026
Sale price
$45.5150 per share
Price for both common stock sale transactions
Indirect shares sold
1,937.0358 shares
Common stock held via Employee Stock Purchase Plan
Direct shares sold
547.0002 shares
Directly held common stock sold
Indirect holdings after sale
3,370.058 shares
Common stock via Employee Stock Purchase Plan after June 11, 2026
Direct holdings after sale
5,140.0000 shares
Direct common stock position after June 11, 2026
Phantom stock tranche
1,893 phantom shares
Grant on March 20, 2026, vesting over three years
Key Terms
Phantom Stock, Employee Stock Purchase Plan, open-market sale, economic equivalent
4 terms
Phantom Stock financial
"The reporting person was granted phantom stock shares, each economically equivalent to one common share upon vesting."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Employee Stock Purchase Plan financial
"Common stock sold from indirect holdings under an Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
open-market sale financial
"Transaction code S reflects a sale in an open-market or private transaction."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
economic equivalent financial
"Each phantom share is the economic equivalent of one share of common stock upon vesting."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PGC executive Francesco Rossi report?
Francesco S. Rossi reported selling 2,484.036 shares of PEAPACK GLADSTONE FINANCIAL CORP common stock. The sales occurred on June 11, 2026 at $45.5150 per share, split between indirect holdings under an Employee Stock Purchase Plan and directly held shares.
What phantom stock awards does Francesco Rossi hold at PGC?
Rossi holds phantom stock awards tied to PEAPACK GLADSTONE FINANCIAL CORP common stock, including tranches referencing 1,893, 1,754, and 1,893 phantom shares. Each phantom share is the economic equivalent of one common share upon vesting in three equal annual installments.
How do Rossi’s phantom stock grants at PGC vest over time?
Rossi’s phantom stock grants vest in three equal annual installments starting one year after grant. Awards granted in March 2024, March 2025, and March 2026 each vest over three years, with each phantom share economically equivalent to one share of common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
