Form 4: Peapack Gladstone Financial Corp Director Gramigna Acquires Shares

Director Edward A. Gramigna Jr. of Peapack Gladstone Financial Corp reports acquisition of 3,000 shares of common stock at $28.4265 per share.

Summary

• Edward A. Gramigna Jr., a director of Peapack Gladstone Financial Corp, reported a transaction on March 31, 2025.
• Gramigna acquired 3,000 shares of common stock at a price of $28.4265 per share.
• Following the transaction, Gramigna directly owns 8,319.4631 shares of common stock.
• Gramigna also indirectly owns 17,836 shares through a Rabbi Trust.
• Additionally, Gramigna holds 2,419 restricted stock units, each representing a contingent right to receive one share of common stock, which vest and settle in stock on the first anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase indicates confidence, but it's a routine transaction.

Positives

• The director's purchase of shares could be interpreted as a positive signal about their confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Peapack Gladstone Financial Corp, Director, Gramigna, Stock Acquisition, Beneficial Ownership, PGC, Rabbi Trust, Restricted Stock Units