KASS STEVEN A 4

What Happened
Steven A. Kass, a director of Peapack Gladstone Financial Corp. (PGC), had 2,978 restricted stock units (RSUs) vest/convert into 2,978 shares on March 20, 2026 (reported as an exercise/conversion of a derivative) and those converted shares were reported as disposed the same day. On the same date he was also granted 2,652 new RSUs that vest one year after the grant. No per-share prices or total dollar values are reported (N/A).

Key Details

• Transaction date: March 20, 2026 (Form 4 filed March 23, 2026). Filing appears timely.
• Conversions/Dispositions: 2,978 shares converted from vested RSUs (derivative exercise/conversion, code M) and 2,978 shares reported disposed the same day. Price: N/A.
• Grant: 2,652 RSUs granted (code A); each RSU converts into one share upon vesting one year after grant (per footnote).
• Notable footnotes:
  • F1: The 2,978 RSUs were originally granted on March 20, 2025 and vested one year later (converted to shares).
  • F4: The 2,652 RSUs were granted March 20, 2026 and vest on the one-year anniversary.
  • F2/F3: Some holdings include dividend reinvestment and amounts held indirectly in a rabbi trust under a non-qualified deferred compensation plan.
• Shares owned after transaction: Not specified in the summary data provided; see the full Form 4 for current holdings.

Context
The filing shows conversion of vested RSUs and an immediate disposition of those converted shares (reported as a derivative disposition); separate new RSUs were awarded the same day. Conversions and RSU grants are standard compensation events for directors and do not by themselves indicate intent to buy or sell additional stock.