Director at Peapack-Gladstone (PGC) sells 2,000 shares, holds 11,742
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PEAPACK GLADSTONE FINANCIAL CORP director Anthony W. Spinelli sold 2,000 shares of common stock in an open-market transaction at $44.63 per share. After this sale on June 8, 2026, he directly owned 11,742 common shares.
The filing also shows 2,034 restricted stock units granted on March 20, 2026, which vest on the one-year anniversary of the grant. Upon vesting, each RSU converts into one share of PGC common stock, providing additional equity exposure beyond his current common share holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($89,260)
Net Sell
2 txns
Insider
Spinelli Anthony W.
Role
null
Sold
2,000 shs ($89K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $44.63 | $89K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,742 shares (Direct, null);
Restricted Stock Units — 2,034 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,000 shares
Sale price per share: $44.63 per share
Shares held after sale: 11,742 shares
+2 more
5 metrics
Shares sold
2,000 shares
Open-market sale of common stock on June 8, 2026
Sale price per share
$44.63 per share
Common stock sale by director Anthony W. Spinelli
Shares held after sale
11,742 shares
Total common shares directly owned following transaction
RSUs granted
2,034 RSUs
Grant on March 20, 2026, vesting after one year
RSU exercise price
$0.00
Restricted stock units converting one-for-one into common stock
Key Terms
Restricted Stock Units, open-market sale, underlying security, Form 4
4 terms
Restricted Stock Units financial
"the reporting person was granted 2,034 restricted stock units (RSUs)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action": "open-market sale""
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.
underlying security financial
"underlying security title": "Common Stock""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PGC director Anthony W. Spinelli report?
Anthony W. Spinelli reported selling 2,000 shares of Peapack-Gladstone Financial Corp common stock. The open-market sale occurred on June 8, 2026 at a price of $44.63 per share, according to the Form 4 insider trading disclosure.
What restricted stock units (RSUs) are disclosed for PGC director Spinelli?
The filing discloses 2,034 restricted stock units granted on March 20, 2026. These RSUs vest on the one-year anniversary of the grant, and upon vesting each unit converts into one share of Peapack-Gladstone Financial Corp common stock.
Does the PGC Form 4 show any remaining equity awards for Spinelli?
Yes. Alongside his 11,742 common shares, the Form 4 shows 2,034 restricted stock units. These RSUs have an exercise price of $0.00 and will convert into common stock on vesting, adding to his equity position in Peapack-Gladstone Financial Corp.