Peapack Gladstone exec granted 11,309 phantom shares
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Peapack Gladstone Financial Corp executive Andrew F. Corrado, President Peapack Private NY, reported acquiring 11,309 phantom stock shares on July 31, 2026, vesting in three equal annual installments beginning July 31, 2027; each phantom share is the economic equivalent of one common share upon vesting.
He also holds earlier phantom stock awards of 12,121, 9,041 and 25,000 shares granted between 2024 and 2026, plus 1,293.4794 common shares held indirectly through an Employee Stock Purchase Plan.
Insider Trade Summary
11,309 shares exercised/converted
Exercise
1 txn
Insider
Corrado Andrew F.
Role
President Peapack Private NY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock F3 | 11,309 | -- | -- |
| Holding | Phantom Stock F1 | -- | -- | -- |
| Holding | Phantom Stock F2 | -- | -- | -- |
| Holding | Phantom Stock F4 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 53,431 contracts for 42,122 underlying shares (Direct);
Common Stock — 1,293.4794 shares (Indirect, Employee Stock Purchase Plan)
Holdings Before and After:
Phantom Stock, 42,122 to 53,431 contracts (Direct)
Footnotes (4)
- F1. On August 1, 2025, the reporting person was granted 12,121 phantom stock shares, vesting in three equal annual installments beginning on August 1, 2026. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- F2. On March 20, 2026, the reporting person was granted 9,041 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.
- F3. On July 31, 2026, the reporting person was granted 11,309 phantom stock shares, vesting in three equal annual installments beginning on July 31, 2027. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- F4. On March 20, 2024, the reporting person was granted 25,000 phantom stock shares, vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
Key Figures
New phantom stock grant: 11,309 shares
Phantom stock grant (Aug 1, 2025): 12,121 shares
Phantom stock grant (Mar 20, 2026): 9,041 shares
+4 more
7 metrics
New phantom stock grant
11,309 shares
Grant to Andrew F. Corrado on July 31, 2026, vesting in three equal annual installments beginning July 31, 2027
Phantom stock grant (Aug 1, 2025)
12,121 shares
Phantom stock shares granted on August 1, 2025, vesting in three equal annual installments beginning August 1, 2026
Phantom stock grant (Mar 20, 2026)
9,041 shares
Phantom stock shares granted on March 20, 2026, vesting in three equal annual installments beginning March 20, 2027
Performance-based phantom grant (Mar 20, 2024)
25,000 shares
Phantom stock shares granted on March 20, 2024, vesting on the third anniversary if performance conditions are met
Indirect common stock holding via ESPP
1,293.4794 shares
Common stock held indirectly through an Employee Stock Purchase Plan following the reported transactions
Vesting schedule for recent grants
three annual installments
Phantom stock grants in 2025, 2026 and 2026 vest in three equal annual installments after grant dates
Performance-based vesting period
third anniversary
25,000 phantom stock shares granted March 20, 2024 vest on the third anniversary of the grant date
Key Terms
Phantom Stock, Employee Stock Purchase Plan, economic equivalent, vesting
4 terms
Phantom Stock financial
"Phantom stock shares, vesting in three equal annual installments"
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 shares held indirectly through 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.
economic equivalent financial
"Each phantom share is the economic equivalent of one share of common stock"
vesting financial
"Phantom stock shares, vesting in three equal annual installments beginning in 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Andrew F. Corrado report for PGC?
Andrew F. Corrado reported acquiring 11,309 phantom stock shares on July 31, 2026. These shares vest in three equal annual installments starting July 31, 2027 and are the economic equivalent of common stock upon vesting.
What prior phantom stock awards does Andrew F. Corrado hold in PGC?
Andrew F. Corrado holds prior phantom stock awards originally granted as 12,121 shares on August 1, 2025, 9,041 shares on March 20, 2026, and 25,000 performance-based shares granted March 20, 2024, all tied economically to PGC common stock.
Does Andrew F. Corrado hold Peapack Gladstone (PGC) common stock directly or indirectly?
He holds 1,293.4794 shares of Peapack Gladstone common stock indirectly through an Employee Stock Purchase Plan. The Form 4 also details multiple phantom stock awards that are economically equivalent to common shares upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
