Form 4: Director Bowser Reports Acquisition of Phantom Stock in Peapack Gladstone Financial Corp

Carmen Bowser, a director of Peapack Gladstone Financial Corp, reports acquiring phantom stock equivalent to 2,069 shares of common stock.

Summary

• On March 20, 2024, Carmen Bowser, a director of Peapack Gladstone Financial Corp, reported a transaction involving phantom stock.
• Bowser acquired 2,069 shares of phantom stock, each equivalent to one share of common stock.
• Following the transaction, Bowser directly owns 2,069 derivative securities.
• Bowser also directly owns 3,617.8 shares of common stock and indirectly owns 9,069.2 shares through a Rabbi Trust.
• The phantom stock is scheduled to vest on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, indicating a standard transaction. Sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of phantom stock by a director may signal confidence in the company's future performance to shareholders.

Key Dates