Form 4: Peapack Gladstone Financial Corp Director Gramigna Reports Acquisition of Restricted Stock Units

Director Edward Gramigna Jr. reports acquisition of restricted stock units and dividend reinvestment shares in Peapack Gladstone Financial Corp.

Summary

• On March 20, 2025, Edward Gramigna Jr., a director of Peapack Gladstone Financial Corp, reported transactions involving the company's stock.
• Gramigna acquired 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.
• Gramigna also reported owning 8,319.4631 shares of common stock directly, which includes shares received through dividend reinvestment since the last filing.
• Additionally, Gramigna holds 14,836 shares indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.

Future Outlook

The restricted stock units vest and settle in stock on the first anniversary of the grant date.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings and transactions of a company director.

Key Dates

Keywords

Form 4, Peapack Gladstone Financial Corp, Director, Edward Gramigna Jr., Restricted Stock Units, Dividend Reinvestment, Rabbi Trust, Beneficial Ownership, PGC