Form 4: Peapack Gladstone Financial Corp Director Reports Acquisition of Phantom Stock

Patrick J. Mullen, a director of Peapack Gladstone Financial Corp, reported the acquisition of phantom stock units equivalent to 2,069 shares of common stock on March 20, 2024.

Summary

• On March 20, 2024, Patrick J. Mullen, a director of Peapack Gladstone Financial Corp [PGC], reported a transaction.
• Mullen acquired 2,069 units of phantom stock, each equivalent to one share of common stock.
• The phantom stock vests on the first anniversary of the grant date.
• Mullen directly owns 3,160 shares of common stock.
• Mullen indirectly owns 4,782 shares of common stock through a rabbi trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a director's acquisition of phantom stock. It doesn't inherently convey positive or negative sentiment.

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 for corporate insiders, such as directors and officers, to report transactions in their company's securities. This filing indicates changes in Mullen's beneficial ownership of Peapack Gladstone Financial Corp stock.

Key Dates