Form 4: Peapack Gladstone Financial Corp Executive John P. Babcock Reports Stock Sale

John P. Babcock, SEVP & President of Private Wealth Management at Peapack Gladstone Financial Corp, reports the sale of 3,000 shares of common stock at a price of $32.2924 per share.

Summary

• John P. Babcock, SEVP & President of Private Wealth Management at Peapack Gladstone Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
• On November 4, 2024, Babcock sold 3,000 shares of common stock at a price of $32.2924 per share.
• Following the transaction, Babcock directly owns 49,155 shares of common stock.
• Babcock also indirectly owns 47,925 shares through a Rabbi Trust and 6,642.23 shares through a 401(k).
• The report also details ownership of restricted stock units and phantom stock, which vest over time and are subject to certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when a company insider, like an executive, trades shares of their company's stock. It provides transparency to the market regarding the transactions of company insiders.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates