Form 4: Peapack Gladstone Financial Corp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Patrick Campion reports acquisition of phantom stock in Peapack Gladstone Financial Corp.
Summary
- On March 20, 2024, Patrick Campion, a director of Peapack Gladstone Financial Corp, acquired 2,069 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock.
- The phantom stock is scheduled to vest on the first anniversary of the grant date.
- Following the transaction, Mr. Campion directly owns 2,069 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction by a company director, indicating a neutral sentiment.
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 could be perceived positively by stakeholders, aligning the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Patrick Campion acquired phantom stock. |
| 03/21/2024 | Date of report signature. |
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