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

Director Richard Daingerfield reports acquisition of restricted stock units and updates to beneficial ownership of common stock in Peapack Gladstone Financial Corp.

Summary

• Richard Daingerfield, a director of Peapack Gladstone Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 2,605 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, which is 03/20/2025.
• Daingerfield also reported owning 20,425.5082 shares of common stock directly and 2,487 shares indirectly through a rabbi trust.
• The reported transactions include shares received through dividend reinvestment since the last filing.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it's a routine disclosure of stock ownership changes by a company director. The acquisition of restricted stock units is generally a positive sign, indicating confidence in the company's future performance.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of company insiders.
• The acquisition of restricted stock units by a director can be seen as a positive signal to the market.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Director, Peapack Gladstone Financial Corp, PGC, Richard Daingerfield