Form 4: Peapack Gladstone Financial Corp: Director Meyercord F Duffield Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Meyercord F Duffield reports changes in beneficial ownership of Peapack Gladstone Financial Corp, including acquisition of phantom stock.
Summary
- On March 20, 2024, Meyercord F Duffield, a director of Peapack Gladstone Financial Corp, reported changes in beneficial ownership.
- The report includes the acquisition of 6,897 shares of phantom stock.
- Duffield directly owns 133,950.9498 shares of common stock, which includes shares received through dividend reinvestment.
- The phantom stock vests on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. The acquisition of phantom stock could be seen as a positive sign, but it's not definitive.
Positives
- The acquisition of phantom stock could indicate confidence in the company's future performance.
Future Outlook
The phantom stock is scheduled to vest on the first anniversary of the grant date.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Acquisition of phantom stock |
| 03/21/2024 | Date of signature on the Form 4 filing |
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