Form 4: Peapack Gladstone Financial Corp Executive Sells 10,000 Shares

John P. Babcock, SEVP & President of Private Wealth Management at Peapack Gladstone Financial Corp, sold 10,000 shares of common stock at a price of $26.8919 on September 5, 2024.

Summary

• On September 5, 2024, John P. Babcock, SEVP & President of Private Wealth Management at Peapack Gladstone Financial Corp, sold 10,000 shares of common stock.
• The sale price was $26.8919 per share.
• Following the transaction, Babcock directly owns 52,155 shares of common stock.
• Babcock also indirectly owns 47,925 shares through a Rabbi Trust and 6,642.23 shares through a 401(k).
• Babcock also holds restricted stock units and phantom stock awards that are subject to vesting and performance conditions.

Sentiment

Score: 5

Explanation: Neutral. This is a standard disclosure of an executive stock sale. Without additional context, it's difficult to assess whether this is a positive or negative signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.

Key Dates