Form 4: Peapack Gladstone Financial Corp: Executive Officer Reports Changes in Beneficial Ownership

Robert A. Plante, EVP and Chief Operating Officer of Peapack Gladstone Financial Corp, reports changes in beneficial ownership of company stock and derivative securities.

Summary

• On March 20, 2025, Robert A. Plante filed a Form 4 with the SEC detailing changes in his beneficial ownership of Peapack Gladstone Financial Corp (PGC) stock.
• The report includes transactions related to common stock, restricted stock units, and phantom stock.
• Plante directly owns 4,225.9559 shares of common stock.
• He indirectly owns 60,094 shares through a Rabbi Trust, 215 shares through a 401(k) plan, and 3,410.147 shares through an Employee Stock Purchase Plan.
• He acquired 3,142 restricted stock units that vest in three equal installments and 4,713 restricted stock units that cliff vest after three years subject to performance conditions.
• He also holds phantom stock, with 2,169 shares vesting in three installments, 859 shares vesting in five installments, and 4,879 shares cliff vesting after three years subject to performance conditions.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing. The sentiment is neutral as it simply reports transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.
• It assures stakeholders that executive compensation is aligned with company performance through performance-based vesting.

Key Dates

Keywords

Form 4, beneficial ownership, Peapack Gladstone Financial Corp, PGC, Robert A. Plante, restricted stock units, phantom stock, insider trading