Form 4: Peapack Gladstone Financial Corp: EVP & Chief Risk Officer Reports Changes in Beneficial Ownership

Maureen Hemhauser, EVP & Chief Risk Officer of Peapack Gladstone Financial Corp, reports changes in beneficial ownership of common stock and derivative securities.

Summary

• On March 20, 2024, Maureen Hemhauser, EVP & Chief Risk Officer of Peapack Gladstone Financial Corp, filed a Form 4 to report changes in beneficial ownership.
• The reported transactions include the disposition of 406 shares of common stock at a price of $23.92.
• Hemhauser also reported holdings in common stock through a Rabbi Trust (3,198 shares) and a 401(k) (450 shares).
• Additionally, Hemhauser reported the acquisition of phantom stock units: 4,279 units vesting in three installments, 1,426 units cliff vesting after three years subject to performance conditions, and 1,876 units vesting in five installments.
• Hemhauser also holds 6,662 restricted stock units vesting in five installments and 4,720 restricted stock units cliff vesting after three years subject to performance conditions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It is neutral in tone and does not convey any particular sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions may have a minor impact on the company's stock price.

Key Dates