Form 4: Peapack Gladstone Financial Corp: Director Anthony J. Consi Reports Acquisition of Phantom Stock

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

Summary

• On March 20, 2024, Anthony J. Consi, a director of Peapack Gladstone Financial Corp, reported the acquisition of 2,069 shares of phantom stock.
• The phantom stock is the economic equivalent of common stock and is scheduled to vest on the first anniversary of the grant date.
• Following the transaction, Consi directly owns 108,760.692 shares of common stock and 2,069 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, as required by the SEC. It provides transparency regarding the holdings of company directors.

Stakeholder Impact

• The acquisition of phantom stock by a director could be viewed positively by stakeholders as it aligns the director's interests with those of the shareholders.

Key Dates