Form 4: Peapack Gladstone Financial Corp Executive Sells Shares

John P. Babcock, SEVP & President of Private Wealth Management at Peapack Gladstone Financial Corp, sold 10,000 shares of common stock at $28.7646 per share on March 19, 2025.

Summary

• On March 19, 2025, 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 $28.7646 per share.
• Following the transaction, Babcock directly owns 39,155 shares of common stock.
• Babcock also indirectly owns 47,925 shares through a Rabbi Trust and 6,673.71 shares through a 401(k).
• Babcock also holds restricted stock units and phantom stock awards that will vest over time, subject to certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Risks

• The vesting of restricted stock units and phantom stock is contingent upon meeting certain performance conditions, which may not be met.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale by a company executive could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although this is not guaranteed.

Key Dates

Keywords

Form 4, Peapack Gladstone Financial Corp, PGC, John P. Babcock, Stock Sale, Insider Trading, Beneficial Ownership, Restricted Stock Units, Phantom Stock, Rabbi Trust, 401(k)