Form 4: Peapack Gladstone Financial Corp: SEVP Gregory Martin Smith Reports Stock Sale and Holdings

Gregory Martin Smith, SEVP of Peapack Gladstone Financial Corp, reports the sale of 17,633 shares of common stock at $31.9454 per share and discloses holdings of common stock, restricted stock units, and phantom stock.

Summary

• Gregory Martin Smith, SEVP, President Comml Banking of Peapack Gladstone Financial Corp, filed a Form 4.
• On January 30, 2025, Smith sold 17,633 shares of common stock at a price of $31.9454 per share.
• Following the transaction, Smith directly owns 297.2762 shares of common stock.
• Smith also holds 10,951 restricted stock units that vest in installments over five years.
• Additionally, Smith holds 19,548 performance-based restricted stock units that cliff vest after three years if conditions are met.
• Smith also holds phantom stock: 5,402 shares vesting in three annual installments, 4,434 shares vesting in five annual installments, and 8,103 performance-based shares cliff vesting after three years if conditions are met.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The sale itself doesn't necessarily indicate a positive or negative outlook.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The stock sale by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.

Key Dates