Cavallaro Frank A. 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Peapack Gladstone (PGC) CFO Frank Cavallaro Receives Awards & Exercises
What Happened
Frank A. Cavallaro, Chief Financial Officer of Peapack Gladstone Financial Corp. (PGC), reported multiple derivative exercises/conversions and new equity awards on March 20, 2026. The filing shows exercises/conversions (Form 4 code M) for a total of 4,744 derivative units (1,615 + 1,666 + 1,463) and awards/grants (code A) totaling 18,521 units (7,408 RSUs + 11,113 RSUs/phantom units). No per-share prices or cash amounts are reported (N/A), and several of the grants are subject to time-based vesting or performance conditions.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (appears to be timely — filed within the two-business-day window).
- Transaction types/codes: M = exercise/conversion of derivatives; A = grant/award.
- Specific line items reported: exercises/conversions of 1,615; 1,666; and 1,463 derivative units; grants of 7,408 and 11,113 RSUs/phantom units.
- Prices/values: all listed as N/A in the filing (no dollar values reported).
- Shares owned after transaction: not specified in the excerpt provided. Check the full filing for current beneficial ownership totals.
- Relevant footnotes:
- F3/F5: The 7,408 RSUs (F3) vest in three equal annual installments starting 3/20/2027; the 11,113 RSUs (F5) vest on the third anniversary if certain performance conditions are met.
- F1–F2 and F4–F7: earlier RSU and phantom-stock grants (2023–2025) with various time- and performance-based vesting; phantom shares are economic equivalents of common stock upon vesting.
Context and how to read this as an investor
- RSUs/phantom shares are awards that convert to (or pay the economic equivalent of) common stock upon vesting; they are not open-market purchases and typically reflect compensation rather than a market sentiment trade.
- "M" entries indicate conversion/exercise of derivative awards (e.g., options, RSU conversions, or phantom settlements); where matching "Disposed" entries appear, that often reflects settlement mechanics (tax withholding or conversion) rather than an open-market sale—review the full Form 4 for settlement details.
- These types of filings are largely compensation-related; they don’t necessarily indicate buying/selling for investment reasons.
Insider Transaction Report
Form 4
Cavallaro Frank A.
SEVP & Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-20+1,615→ 10,158 total - Exercise/Conversion
Common Stock
[F2]2026-03-20+1,666→ 11,824 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-20−1,615→ 0 total→ Common Stock (1,615 underlying) - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-20−1,666→ 3,333 total→ Common Stock (1,666 underlying) - Award
Restricted Stock Units
[F3]2026-03-20+7,408→ 7,408 total→ Common Stock (7,408 underlying) - Award
Restricted Stock Units
[F5]2026-03-20+11,113→ 11,113 total→ Common Stock (11,113 underlying) - Exercise/Conversion
Phantom Stock
[F6]2026-03-20−1,463→ 1,463 total→ Common Stock (1,463 underlying)
Holdings
- 7,499
Restricted Stock Units
[F4]→ Common Stock (7,499 underlying) - 6,584
Phantom Stock
[F7]→ Common Stock (6,584 underlying)
Footnotes (7)
- [F1]On March 20, 2023, the reporting person was granted 4,844 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2024. Upon vesting, each RSU converts into one share of PGC common stock.
- [F2]On March 20, 2025, the reporting person was granted 4,999 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2026. Upon vesting, each RSU converts into one share of PGC common stock.
- [F3]On March 20, 2026, the reporting person was granted 7,408 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2027. Upon vesting, each RSU converts into one share of PGC common stock.
- [F4]On March 20, 2025, the reporting person was granted 7,499 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock.
- [F5]On March 20, 2026, the reporting person was granted 11,113 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock.
- [F6]On March 20, 2024, the reporting person was granted 4,389 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2025. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- [F7]On March 20, 2024, the reporting person was granted 6,584 phantom stock shares, vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
Signature
Frank A. Cavallaro|2026-03-23