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

Director Anthony J. Consi reports acquisition of restricted stock units in Peapack Gladstone Financial Corp.

Summary

• On March 20, 2025, Anthony J. Consi, 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, Consi directly owns 108,760.692 shares of common stock.
• Consi also indirectly owns 1,309 shares of common stock as a spouse trustee and another 1,309 shares of common stock as a spouse trustee.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the acquisition of restricted stock units by a director generally indicates confidence in the company's prospects.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units vest and settle in stock on the first anniversary of the grant date, indicating a future increase in Consi's direct ownership of common stock.

Industry Context

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

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

restricted stock units, director, PGC, Peapack Gladstone Financial Corp, beneficial ownership, Form 4, acquisition, Consi