Form 4: Peapack Gladstone Financial Corp Director Peter D. Horst Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Peter D. Horst reports acquiring phantom stock and holding common stock both directly and indirectly through a rabbi trust.
Summary
- Peter D. Horst, a director of Peapack Gladstone Financial Corp, filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of 2,069 shares of phantom stock on March 20, 2024, with a price of $0 per share.
- These phantom stock shares are scheduled to vest on the first anniversary of the grant date.
- Horst directly owns 12,070 shares of common stock.
- He also indirectly owns 3,032 shares of common stock through a rabbi trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. 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.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of phantom stock acquisition |
| 03/21/2024 | Date of signature on the Form 4 |
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