Form 4: Peapack Gladstone Financial Corp Director Acquires Restricted Stock Units

Director Susan A. Cole acquired 1,675 restricted stock units of Peapack-Gladstone Financial Corp on March 20, 2025, which vest and settle in stock on the first anniversary of the grant date.

Summary

• On March 20, 2025, Susan A. Cole, a director of Peapack-Gladstone Financial Corp, acquired 1,675 restricted stock units.
• These restricted stock units represent a contingent right to receive one share of common stock each.
• The restricted stock units vest and settle in stock on the first anniversary of the grant date.
• Following the transaction, Ms. Cole directly owns 1,675 derivative securities in the form of restricted stock units.
• Ms. Cole also directly owns 11,260 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by a director is generally seen as a sign of confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units will vest and settle in stock on the first anniversary of the grant date, suggesting a future increase in Ms. Cole's holdings of common stock.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively by investors.

Stakeholder Impact

• The acquisition of restricted stock units by a director could have a slightly positive impact on shareholders, as it signals confidence in the company's future performance.

Key Dates

Keywords

restricted stock units, director, PGC, Peapack-Gladstone Financial Corp, Form 4, beneficial ownership, equity securities