Transaction Details

Footnotes

Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation. | 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. | 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. | The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied. | Each share of phantom stock is the economic equivalent of one share of common stock. | The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date. | The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date. | Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met. | The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.