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

Gregory M. Smith, SEVP, President of Commercial Banking at Peapack Gladstone Financial Corp, reports changes in beneficial ownership of company stock and phantom stock units.

Summary

• On March 20, 2024, Gregory M. Smith reported changes in his beneficial ownership of Peapack Gladstone Financial Corp stock.
• The transactions included the disposal of 1,032 shares of common stock at a price of $23.92 per share to cover tax obligations, as well as the acquisition of 0.9395 shares through the Employee Stock Purchase Plan.
• Smith also acquired 5,402 and 8,103 phantom stock units, and holds 10,951 and 19,548 restricted stock units.
• Following the reported transactions, Smith directly owns 17,833.8728 shares of common stock and indirectly owns 0.9395 shares through the Employee Stock Purchase Plan.
• He also holds 5,402, 8,103 and 9,759 phantom stock units, 10,951 restricted stock units and 19,548 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and neither positive nor negative sentiment is warranted.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.

Key Dates