Form 4: Peapack Gladstone Financial Corp: EVP, Chief Credit Officer Lisa Chalkan Reports Changes in Beneficial Ownership

Lisa Chalkan, EVP and Chief Credit Officer of Peapack Gladstone Financial Corp, reports changes in beneficial ownership of company stock and derivative securities.

Summary

• On March 20, 2024, Lisa Chalkan, EVP and Chief Credit Officer of Peapack Gladstone Financial Corp, filed a Form 4 to report changes in her beneficial ownership of the company's securities.
• The reported transactions include the disposition of 815 shares of common stock at a price of $23.92 per share.
• Following the reported transactions, Chalkan directly owns 24,592 shares of common stock and indirectly owns 495 shares through a 401(k).
• She also holds derivative securities including 6,337 shares of phantom stock that vest in three equal installments, 2,112 shares of phantom stock that cliff vest on the third anniversary subject to performance conditions, and 2,341 shares of phantom stock that vest in five equal installments.
• Additionally, she holds 553 restricted stock units that vest in three equal installments, 6,240 restricted stock units that vest in five equal installments, and 2,600 restricted stock units that cliff vest after three years subject to performance conditions.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• Shareholders are informed about the transactions of a key executive, providing transparency into insider activity.

Key Dates