PGC.NASDAQPeapack Gladstone Financial CORP

Form 4: Peapack-Gladstone Financial Corp: President & CEO Douglas L. Kennedy Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

📋All filings for Peapack Gladstone Financial CORP
🔒Login to Follow

Douglas L. Kennedy, President & CEO of Peapack-Gladstone Financial Corp, reports changes in beneficial ownership of company stock, including a gift of shares and holdings in various employee plans.

Summary

  • On May 13, 2024, Douglas L. Kennedy, President & CEO of Peapack-Gladstone Financial Corp, reported changes in his beneficial ownership of the company's stock.
  • The reported transactions include a gift of 1,072 shares of common stock.
  • Kennedy directly owns 66,702.749 shares of common stock.
  • He also indirectly owns 156,630 shares through a Rabbi Trust, 18,372.365 shares through a 401(k), and 9,779.4568 shares through an Employee Stock Purchase Plan.
  • Kennedy also holds derivative securities including phantom stock and restricted stock units that vest over time, some contingent on performance conditions.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in stock ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of key executives.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the stock ownership of the company's President & CEO.

Key Dates

DateDescription
05/13/2024Date of transaction (gift of shares)
05/15/2024Date of signature on the Form 4 filing

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.