Form 4: Peapack Gladstone Financial Corp: Executive VP Stuart Vorcheimer Reports Stock Transactions

Stuart Vorcheimer, EVP at Peapack Gladstone Financial Corp, reports the acquisition and disposal of common stock and holdings in restricted stock units and phantom stock.

Summary

• On May 21, 2024, Stuart Vorcheimer, EVP at Peapack Gladstone Financial Corp, reported transactions involving the company's common stock.
• Vorcheimer disposed of 4,608 shares of common stock at a price of $24.09 per share.
• Following the reported transaction, Vorcheimer directly owns 2,204.923 shares of common stock and indirectly owns 890.1817 shares through the Employee Stock Purchase Plan.
• Vorcheimer also holds 10,875 restricted stock units, 5,097 restricted stock units that cliff vest, 7,135 phantom stock units, 4,116 phantom stock units that vest over five years, and 2,378 phantom stock units that cliff vest based on performance.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The stock disposal by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial condition.

Key Dates