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

Stuart M. Vorcheimer, EVP of Commercial & Industrial Lending at Peapack Gladstone Financial Corp, reports changes in beneficial ownership of company stock and phantom stock units.

Summary

• On March 20, 2024, Stuart M. Vorcheimer, EVP of Commercial & Industrial Lending at Peapack Gladstone Financial Corp, filed a Form 4.
• The filing reports the disposition of 1,008 shares of common stock at a price of $23.92.
• It also details the acquisition of 7,135 phantom stock units, 2,378 performance-based phantom stock units.
• The filing also includes information about restricted stock units and shares held indirectly through the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider trading activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps stakeholders understand the alignment of management's interests with those of the company.

Key Dates