MEYERCORD F DUFFIELD 4

What Happened

• Meyercord F. Duffield, a director of Peapack Gladstone Financial Corp. (PGC), had a boxed set of derivative transactions on March 20, 2026: 6,243 restricted stock units (RSUs) that vested/converted were reported as exercised/converted (code M) and the same 6,243 shares were reported as disposed (derivative disposition). Separately on the same date he was granted 5,560 RSUs (code A). Prices and cash values are listed as N/A in the filing.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 23, 2026 (timely within the Form 4 window).
• Exercised/converted: 6,243 RSUs from a prior grant (reported as acquired then disposed on the same date) — price/value N/A in the filing.
• New grant: 5,560 RSUs awarded March 20, 2026; vesting occurs one year after grant per footnote.
• Shares owned after transaction: not specified in the provided summary section of the filing.
• Relevant footnotes:
  • F1: The 6,243 RSUs were granted March 20, 2025 and vested one year later; each RSU converts to one share upon vesting.
  • F3: The 5,560 RSUs granted March 20, 2026 vest one year after grant and convert one-for-one to common shares.
  • F2: Totals may include shares received via dividend reinvestment since the last filing.
• Transaction codes: M = exercise/conversion of derivative; A = award/grant; the immediate acquisition followed by disposition suggests the vested RSUs were converted to shares and then disposed (cashless or sale-like action).

Context

• These transactions reflect a routine insider conversion/settlement of vested RSUs plus a new RSU grant. The filing shows conversion and same-day disposition of the vested 6,243 RSUs (no price disclosed), which often indicates the shares were converted and not retained; the new 5,560 RSUs will vest in one year if the footnote conditions are met. As always, grants and routine vesting/events are common and do not by themselves indicate the insider’s view of the company.