[Form 4] PEAPACK GLADSTONE FINANCIAL CORP Insider Trading Activity
Gregory M. Smith, Senior Executive Vice President and President of Commercial Banking at Peapack-Gladstone Financial Corp (PGC) reported a sale of 3,200 shares of the issuer's common stock on 09/15/2025 at a price of $29.15 per share, leaving him with 5,426.8051 shares beneficially owned following the transaction. The filing also discloses multiple outstanding restricted stock units and phantom stock awards that convert to or mirror common shares: 4,922, 7,822 and 19,078 RSUs under different vesting schedules and 3,602, 754 and 8,103 phantom stock units with time- and performance-based vesting conditions. The explanation clarifies that some RSUs vest in three or five approximately equal annual installments, while certain awards cliff-vest after three years subject to performance conditions. The Form 4 is signed by Mr. Smith on 09/17/2025.
Gregory M. Smith, Senior Executive Vice President e Presidente della Commercial Banking presso Peapack-Gladstone Financial Corp (PGC) ha riportato la vendita di 3.200 azioni ordinarie dell'emittente il 15/09/2025 al prezzo di 29,15 USD per azione, lasciandolo con 5.426,8051 azioni possedute beneficiariamente a seguito della transazione. La pratica precisa anche l’esistenza di multiple unità azionarie vincolate (RSU) e premi azionari fantasma in essere che si trasformano in o rispecchiano azioni ordinarie: 4.922, 7.822 e 19.078 RSU con differenti calendario di vesting e 3.602, 754 e 8.103 unità di stock fantasma con condizioni di vesting legate al tempo e alla performance. L’esplicazione chiarisce che alcune RSU vestono in tre o cinque rate annuali approssimativamente uguali, mentre alcuni premi vestono a cliff dopo tre anni soggetti a condizioni di performance. Il Form 4 è stato firmato dal Sig. Smith il 17/09/2025.
Gregory M. Smith, Vicepresidente Ejecutivo Senior y Presidente de Banca Comercial en Peapack-Gladstone Financial Corp (PGC), informó la venta de 3.200 acciones ordinarias del emisor el 15/09/2025 a un precio de $29.15 por acción, quedando con 5.426,8051 acciones beneficiosas poseídas tras la transacción. La declaración también divulga múltiples unidades de acciones restringidas (RSU) y premios de acciones en phantom stock que se convierten en o reflejan acciones ordinarias: 4.922, 7.822 y 19.078 RSU bajo diferentes calendarios de adquisición y 3.602, 754 y 8.103 unidades de phantom stock con condiciones de adquisición basadas en el tiempo y el rendimiento. La explicación aclara que algunas RSU se consolidan en tres o cinco anualidades aproximadamente iguales, mientras que ciertos premios vesting al cabo de tres años sujetos a condiciones de rendimiento. El Formulario 4 está firmado por el Sr. Smith el 17/09/2025.
Gregory M. Smith, 피팍-글래드스톤 파이낸셜 코퍼레이션(PGC) 의 상무부사장 겸 상무 은행 업무 책임자로 2025년 9월 15일 발행사 보통주 3,200주를 매도했다고 보고했으며, 주당 가격은 29.15달러로 거래되어 거래 후 그가 실제로 소유한 주식은 5,426.8051주이다. 공시에는 또한 여러 개의 남아 있는 제한주식단위(RSU) 및 팬텀 주식 상이 보통주로 전환되거나 이를 반영하는 보상도 포함되어 있다: 서로 다른 가여 수립된 4,922주, 7,822주, 19,078주 RSU와 시간 및 성과 기반의 vesting 조건이 있는 3,602주, 754주, 8,103주 팬텀 주식단위가 있다. 설명에 따르면 일부 RSU는 대략 매년 3년 또는 5년에 걸쳐 균등하게 vesting되고, 특정 상은 3년 후 cliff-vesting으로 성과 조건에 따라 달라진다고 명시되어 있다. 양식 4(Form 4)은 2025년 9월 17일 스미스 씨에 의해 서명되었다.
Gregory M. Smith, Senior Executive Vice President et Président de Commercial Banking chez Peapack-Gladstone Financial Corp (PGC), a signalé la vente de 3 200 actions ordinaires de l’émetteur le 15/09/2025 à un prix de 29,15 $ par action, ce qui lui laisse 5 426,8051 actions détenues bénéficiairement à la suite de la transaction. Le dépôt divulge également plusieurs unités d’actions restreintes (RSU) et des actions fantômes qui se transforment en actions ordinaires ou les reflètent : 4 922, 7 822 et 19 078 RSU sous différents calendriers de vesting et 3 602, 754 et 8 103 unités d’actions fantômes avec des conditions de vesting liées au temps et à la performance. L’explication précise que certaines RSU vestent sur trois ou cinq années annuelles approximativement égales, tandis que certaines récompenses vestent après trois ans sous réserve de conditions de performance. Le Formulaire 4 est signé par M. Smith le 17/09/2025.
Gregory M. Smith, Senior Executive Vice President und Präsident des Commercial Banking bei der Peapack-Gladstone Financial Corp (PGC), meldete den Verkauf von 3.200 Aktien der Stammaktie des Emittenten am 15.09.2025 zu einem Preis von 29,15 USD je Aktie und hinterließ ihn mit 5.426,8051 Aktien, die nach der Transaktion vorteilhaft gehalten werden. Die Einreichung offenbart außerdem mehrere ausstehende Restricted Stock Units (RSUs) und Phantom-Stock-Bewertungen, die in Stammaktien umgewandelt werden oder diese spiegeln: 4.922, 7.822 und 19.078 RSUs unter unterschiedlichen Vesting-Plänen und 3.602, 754 und 8.103 Phantom-Stock-Einheiten mit zeit- und leistungsbasierenden Vestingbedingungen. Die Erklärung erläutert, dass einige RSUs in drei oder fünf annähernd gleichen jährlichen Raten vesten, während bestimmte Zuwendungen nach drei Jahren cliff-vesten, vorbehaltlich Leistungsbedingungen. Das Formular 4 ist von Herrn Smith am 17.09.2025 unterzeichnet.
أعلن جريجوري م. سميث، نائب الرئيس التنفيذي الأول ورئيس الخدمات المصرفية التجارية في بيباباك-جلادستون فنتشال كورب (PGC)، عن بيع 3,200 سهم من الأسهم العادية للمصدر في 15/09/2025 بسعر 29.15 دولاراً للسهم، ليصبح لديه 5,426.8051 سهمًا مملوكة بشكل مفيد بعد الصفقة. كما يكشف الإبلاغ عن عدة وحدات أسهم مقيدة (RSUs) وجوائز أسهم خيالية تتحول إلى أو تعكس أسهم عادية: 4,922 و7,822 و19,078 RSU بمخططات استحقاق مختلفة و3,602 و754 و8,103 وحدة أسهم خيالية بشروط استحقاق قائمة على الزمن والأداء. يوضح الشرح أن بعض RSUs تستحق الاستحقاق في ثلاث أو خمس دفعات سنوية تقريباً متساوية، بينما بعض الجوائز تستحق بعد ثلاث سنوات مشروطة بشروط الأداء. يتم توقيع النموذج 4 من قبل السيد سميث في 17/09/2025.
Gregory M. Smith，Peapack-Gladstone Financial Corp（PGC）高级执行副总裁兼商业银行业主席，报告在2025年9月15日以每股29.15美元的价格出售了发行人普通股3,200股，交易后他实际持有的受益股份为5,426.8051股。申报还披露了若干尚未 vesting 的受限股票单位（RSU）和现金等价股票的 phantom stock 授予，它们可转换为或等同于普通股：在不同的归属计划下的RSU有4,922、7,822和19,078股，以及在时间和绩效条件下归属的3,602、754和8,103单位的 phantom stock。说明还明确，一些 RSU 将在约三年或五年内分成若干等额年度归属，而某些奖励在三年后直接归属，需满足绩效条件。Form 4 于2025年9月17日由 Smith 先生签署。
- Continued ownership: Reporting person retains 5,426.8051 shares following the sale, indicating ongoing equity stake.
- Long-term alignment: Multiple restricted stock units and phantom stock awards remain outstanding with time- and performance-based vesting schedules, supporting retention incentives.
- Full disclosure: The Form 4 specifies transaction date, price ($29.15), and all award quantities, meeting reporting requirements.
- Insider sale: Disposition of 3,200 shares on 09/15/2025 at $29.15 per share was reported.
- Performance conditions: Several phantom stock and RSU grants are subject to performance-based cliff vesting, which may result in forfeiture if conditions are unmet.
Insights
TL;DR: Insider sold 3,200 shares; meaningful retained equity and multiple time- and performance-based long-term awards remain.
The sale of 3,200 shares at $29.15 is a clear, reportable disposition but leaves the reporting person with 5,426.8051 shares of common stock. The filing details substantial remaining equity exposure through both restricted stock units and phantom stock totaling several tens of thousands of share equivalents across different grants and vesting schedules, which maintains alignment with shareholder interests over time. Transaction and award specifics are fully disclosed; no other material events are reported in this Form 4.
TL;DR: Transaction is routine and properly reported; long-term incentive structures include time and performance vesting.
The Form 4 documents a routine Section 16 sale and provides customary disclosure of outstanding equity awards. The company uses a mix of RSUs and phantom stock with both installment vesting and performance-based cliff vesting, which is consistent with standard executive compensation practices intended to retain and incentivize senior management. All vesting descriptions and quantities are included; no governance irregularities are apparent from this filing alone.
Gregory M. Smith, Senior Executive Vice President e Presidente della Commercial Banking presso Peapack-Gladstone Financial Corp (PGC) ha riportato la vendita di 3.200 azioni ordinarie dell'emittente il 15/09/2025 al prezzo di 29,15 USD per azione, lasciandolo con 5.426,8051 azioni possedute beneficiariamente a seguito della transazione. La pratica precisa anche l’esistenza di multiple unità azionarie vincolate (RSU) e premi azionari fantasma in essere che si trasformano in o rispecchiano azioni ordinarie: 4.922, 7.822 e 19.078 RSU con differenti calendario di vesting e 3.602, 754 e 8.103 unità di stock fantasma con condizioni di vesting legate al tempo e alla performance. L’esplicazione chiarisce che alcune RSU vestono in tre o cinque rate annuali approssimativamente uguali, mentre alcuni premi vestono a cliff dopo tre anni soggetti a condizioni di performance. Il Form 4 è stato firmato dal Sig. Smith il 17/09/2025.
Gregory M. Smith, Vicepresidente Ejecutivo Senior y Presidente de Banca Comercial en Peapack-Gladstone Financial Corp (PGC), informó la venta de 3.200 acciones ordinarias del emisor el 15/09/2025 a un precio de $29.15 por acción, quedando con 5.426,8051 acciones beneficiosas poseídas tras la transacción. La declaración también divulga múltiples unidades de acciones restringidas (RSU) y premios de acciones en phantom stock que se convierten en o reflejan acciones ordinarias: 4.922, 7.822 y 19.078 RSU bajo diferentes calendarios de adquisición y 3.602, 754 y 8.103 unidades de phantom stock con condiciones de adquisición basadas en el tiempo y el rendimiento. La explicación aclara que algunas RSU se consolidan en tres o cinco anualidades aproximadamente iguales, mientras que ciertos premios vesting al cabo de tres años sujetos a condiciones de rendimiento. El Formulario 4 está firmado por el Sr. Smith el 17/09/2025.
Gregory M. Smith, 피팍-글래드스톤 파이낸셜 코퍼레이션(PGC) 의 상무부사장 겸 상무 은행 업무 책임자로 2025년 9월 15일 발행사 보통주 3,200주를 매도했다고 보고했으며, 주당 가격은 29.15달러로 거래되어 거래 후 그가 실제로 소유한 주식은 5,426.8051주이다. 공시에는 또한 여러 개의 남아 있는 제한주식단위(RSU) 및 팬텀 주식 상이 보통주로 전환되거나 이를 반영하는 보상도 포함되어 있다: 서로 다른 가여 수립된 4,922주, 7,822주, 19,078주 RSU와 시간 및 성과 기반의 vesting 조건이 있는 3,602주, 754주, 8,103주 팬텀 주식단위가 있다. 설명에 따르면 일부 RSU는 대략 매년 3년 또는 5년에 걸쳐 균등하게 vesting되고, 특정 상은 3년 후 cliff-vesting으로 성과 조건에 따라 달라진다고 명시되어 있다. 양식 4(Form 4)은 2025년 9월 17일 스미스 씨에 의해 서명되었다.
Gregory M. Smith, Senior Executive Vice President et Président de Commercial Banking chez Peapack-Gladstone Financial Corp (PGC), a signalé la vente de 3 200 actions ordinaires de l’émetteur le 15/09/2025 à un prix de 29,15 $ par action, ce qui lui laisse 5 426,8051 actions détenues bénéficiairement à la suite de la transaction. Le dépôt divulge également plusieurs unités d’actions restreintes (RSU) et des actions fantômes qui se transforment en actions ordinaires ou les reflètent : 4 922, 7 822 et 19 078 RSU sous différents calendriers de vesting et 3 602, 754 et 8 103 unités d’actions fantômes avec des conditions de vesting liées au temps et à la performance. L’explication précise que certaines RSU vestent sur trois ou cinq années annuelles approximativement égales, tandis que certaines récompenses vestent après trois ans sous réserve de conditions de performance. Le Formulaire 4 est signé par M. Smith le 17/09/2025.
Gregory M. Smith, Senior Executive Vice President und Präsident des Commercial Banking bei der Peapack-Gladstone Financial Corp (PGC), meldete den Verkauf von 3.200 Aktien der Stammaktie des Emittenten am 15.09.2025 zu einem Preis von 29,15 USD je Aktie und hinterließ ihn mit 5.426,8051 Aktien, die nach der Transaktion vorteilhaft gehalten werden. Die Einreichung offenbart außerdem mehrere ausstehende Restricted Stock Units (RSUs) und Phantom-Stock-Bewertungen, die in Stammaktien umgewandelt werden oder diese spiegeln: 4.922, 7.822 und 19.078 RSUs unter unterschiedlichen Vesting-Plänen und 3.602, 754 und 8.103 Phantom-Stock-Einheiten mit zeit- und leistungsbasierenden Vestingbedingungen. Die Erklärung erläutert, dass einige RSUs in drei oder fünf annähernd gleichen jährlichen Raten vesten, während bestimmte Zuwendungen nach drei Jahren cliff-vesten, vorbehaltlich Leistungsbedingungen. Das Formular 4 ist von Herrn Smith am 17.09.2025 unterzeichnet.
FAQ
What did Gregory M. Smith report on Form 4 for PGC?
How many PGC shares does the reporting person own after the transaction?
What equity awards are disclosed in the Form 4 for PGC?
What vesting terms apply to the disclosed RSUs and phantom stock?
When was the Form 4 signed by the reporting person?
