Campion Patrick 4

What Happened

• Patrick Campion, a director of Peapack Gladstone Financial Corp. (PGC), reported a small open-market sale and several RSU-related transactions. On March 27, 2025 he sold 340 shares at $28.85/share for $9,809. On March 20, 2026, 1,675 previously granted RSUs vested and converted into 1,675 shares (reported as an acquisition via conversion and a simultaneous disposition), and he was also granted 1,491 new RSUs on March 20, 2026 that will vest one year after the grant.

Key Details

• March 27, 2025: Sale of 340 shares at $28.85 each, total proceeds $9,809.
• March 20, 2026: 1,675 RSUs vested (converted to 1,675 shares) and those shares were reported as disposed the same day (filing shows both acquisition and disposition via code M).
• March 20, 2026: New grant of 1,491 RSUs (code A); per footnote these RSUs vest one year after grant and each converts to one share upon vesting.
• Shares owned after these transactions: Not specified in the provided filing excerpt.
• Footnotes: F1 confirms the 1,675 RSUs were granted 3/20/2025 and vested one year later; F2 confirms the 1,491 RSUs were granted 3/20/2026 and vest one year later.
• Filing date: Report filed March 23, 2026. No late-filing indicator provided in the data shown.

Context

• The March 20, 2026 entries reflect RSU mechanics: previously granted RSUs vested and converted into shares (derivative conversion), and those shares were reported as disposed the same day — typically this reflects an immediate sale or sale to cover taxes, though the filing itself does not state the reason. The new 1,491 RSU grant is an award that will convert to shares if and when it vests one year from grant. Small open-market sales like the 340-share trade are often routine; the RSU activity reflects standard equity compensation events rather than an independent open-market purchase.