Form 4: Peapack Gladstone Financial Corp: EVP Lisa Chalkan Reports Stock Transactions

EVP and Chief Credit Officer Lisa Chalkan reports acquisition and disposal of common stock and restricted stock units in Peapack Gladstone Financial Corp.

Summary

• On March 20, 2025, Lisa Chalkan, EVP and Chief Credit Officer of Peapack Gladstone Financial Corp, reported transactions involving the company's stock.
• Chalkan disposed of 603 shares of common stock at a price of $29.55 per share to cover tax obligations related to the settlement of restricted stock units.
• Following the transaction, Chalkan directly owns 26,102 shares of common stock and indirectly owns 497.96 shares through a 401(k).
• Chalkan also acquired 4,899 restricted stock units that vest in three equal installments annually, 1,633 restricted stock units that cliff vest after three years subject to performance conditions, 4,680 restricted stock units that vest in five equal installments annually.
• Additionally, Chalkan holds phantom stock, including 4,225 shares vesting in three annual installments, 326 shares vesting in five annual installments, and 2,112 shares cliff vesting after three years subject to performance conditions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to executive compensation and tax obligations.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the disposal of shares to cover tax obligations, but the overall impact is likely minimal.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Phantom Stock, Peapack Gladstone Financial Corp, Lisa Chalkan, PGC