Form 4: Director Susan A. Cole Reports Acquisition of Phantom Stock in Peapack Gladstone Financial Corp

Susan A. Cole, a director of Peapack Gladstone Financial Corp, reported the acquisition of phantom stock equivalent to 2,069 shares of common stock on March 20, 2024.

Summary

• On March 20, 2024, Susan A. Cole, a director of Peapack Gladstone Financial Corp, acquired phantom stock representing 2,069 shares of common stock.
• The phantom stock vests on the first anniversary of the grant date.
• Following the transaction, Ms. Cole beneficially owns 11,260 shares of common stock directly.
• Ms. Cole also beneficially owns 2,069 shares of phantom stock directly.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of phantom stock is a common form of equity compensation for directors.

Stakeholder Impact

• The acquisition of phantom stock by a director aligns their interests with those of shareholders, potentially incentivizing them to act in the company's best interest.

Key Dates