Sec Form 4 Filing - Doyle Timothy E @ PEAPACK GLADSTONE FINANCIAL CORP - 2021-02-28

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Doyle Timothy E
2. Issuer Name and Ticker or Trading Symbol
PEAPACK GLADSTONE FINANCIAL CORP [ PGC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Chief Credit Officer
(Last) (First) (Middle)
500 HILLS DRIVE, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
02/28/2021
(Street)
BEDMINSTER, NJ07921
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/28/2021 F( 1 ) 44 D $ 27.51 4,836 D
Common Stock 886 I Rabbi Trust ( 2 )
Common Stock 4,005.1411 ( 3 ) I 401(k)
Common Stock 1,157.5466 I ESPP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 4 ) ( 5 ) ( 5 ) Common Stock 2,557 2,557 D
Restricted Stock Units ( 4 ) ( 6 ) ( 6 ) Common Stock 7,785 7,785 D
Restricted Stock Units ( 7 ) ( 8 ) ( 8 ) Common Stock 7,827 7,827 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Doyle Timothy E
500 HILLS DRIVE, SUITE 300
BEDMINSTER, NJ07921
EVP, Chief Credit Officer
Signatures
Timothy E. Doyle 03/02/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
( 2 )Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
( 3 )Includes 401(k) contributions used to purchase PGC stock.
( 4 )Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
( 5 )The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
( 6 )The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.
( 7 )Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
( 8 )The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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