Form 4: Peapack Gladstone Financial Corp Director Meyercord F Duffield Reports Acquisition of Restricted Stock Units

Director Meyercord F Duffield reports acquisition of restricted stock units in Peapack Gladstone Financial Corp.

Summary

• On March 20, 2025, F Duffield Meyercord, a director of Peapack Gladstone Financial Corp, reported a transaction involving restricted stock units.
• Meyercord acquired 6,243 restricted stock units, each representing a contingent right to receive one share of common stock.
• These restricted stock units vest and settle in stock on the first anniversary of the grant date.
• Following the transaction, Meyercord directly owns 134,055.7186 shares of common stock and 6,243 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating standard compensation practices. It doesn't inherently convey positive or negative sentiment.

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 acquisition of restricted stock units, a common form of equity compensation.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with those of shareholders, potentially incentivizing them to work towards long-term value creation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Peapack Gladstone Financial Corp, Director, PGC, Meyercord F Duffield