Earnings Feed
Start Free
PEAPACK GLADSTONE FINANCIAL CORP·4

Mar 24, 4:17 PM ET

PLANTE ROBERT A. 4

4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 24, 2026

Research Summary

AI-generated summary of this filing

Updated

Peapack Gladstone (PGC) COO Robert Plante Exercises Awards, Receives RSUs

What Happened

  • Robert A. Plante, COO of Peapack Gladstone Financial Corp. (PGC), had multiple derivative awards convert/vest on March 20, 2026 and received new restricted stock unit (RSU) grants the same day.
  • Reported conversions/exercises (acquisitions) include: 1,047; 1,140; 1,084; and 5,616 shares (totaling 8,887 shares reported as converted). Several disposals of derivative shares were also reported (1,047; 1,140; 1,084; 5,616; 1,084; 859 — disposals reported as “Derivative”), which typically reflect shares surrendered or net-settled to cover taxes or settlement obligations rather than open-market sales.
  • New grants on March 20, 2026: 4,157 RSUs (vesting in three equal annual installments beginning 3/20/2027) and 6,236 performance-based RSUs (vesting on the third anniversary if performance conditions are met) — total new RSUs = 10,393. All reported prices are N/A (these were awards/conversions, not open-market trades).

Key Details

  • Transaction date: March 20, 2026. Form 4 filed March 24, 2026 (timely filing).
  • Reported conversions/exercises acquired: 1,047; 1,140; 1,084; 5,616 (8,887 total). Reported derivative disposals: 1,047; 1,140; 1,084; 5,616; 1,084; 859 (total reported disposals = 10,830). All entries show price as N/A.
  • Shares owned after transaction: not specified in the provided summary (Form 4 contains post-transaction holdings but they were not supplied here).
  • Notable footnotes:
    • F5: 5,616 restricted stock units vested (from a 3/20/2023 grant).
    • F6 & F8: New RSU grants on 3/20/2026 — 4,157 RSUs (time-based) and 6,236 RSUs (performance-based).
    • Other footnotes (F1–F4, F7–F11) reference earlier RSU or phantom stock grants and that some awards are held indirectly (rabbi trust) or are performance/vesting conditioned.
  • Filing timeliness: Form filed within the SEC’s required window (filed 3/24/2026 for 3/20/2026 transactions).

Context

  • These transactions are largely vesting/conversion events and new grants — not open-market buys or sales. “Exercise/conversion” entries and the disposals labeled “Derivative” usually indicate shares were converted from awards and some were immediately surrendered or withheld to satisfy tax withholding or settlement requirements (a routine administrative step).
  • Grants (RSUs) do not represent immediate cash purchases or market sentiment; they are compensation that may vest over time or upon performance.
  • No explicit 10b5-1 sale plan or open-market sale is indicated in the reported items.

Insider Transaction Report

Form 4
Period: 2026-03-20
PEAPACK GLADSTONE FINANCIAL CORPPGC
PLANTE ROBERT A.
EVP, Chief Operating Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-03-20+1,047→ 61,638.314 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F3][F2]
    2026-03-20+1,140→ 62,778.314 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F4][F2]
    2026-03-20+1,084→ 63,862.314 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F5][F2]
    2026-03-20+5,616→ 69,478.314 total(indirect: By Trust)
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-03-20−1,047→ 2,095 total
    → Common Stock (1,047 underlying)
  • Award

    Restricted Stock Units

    [F6]
    2026-03-20+4,157→ 4,157 total
    → Common Stock (4,157 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-20−1,140→ 1,143 total
    → Common Stock (1,140 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4]
    2026-03-20−1,084→ 2,171 total
    → Common Stock (1,084 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5]
    2026-03-20−5,616→ 0 total
    → Common Stock (5,616 underlying)
  • Award

    Restricted Stock Units

    [F8]
    2026-03-20+6,236→ 6,236 total
    → Common Stock (6,236 underlying)
  • Exercise/Conversion

    Phantom Stock

    [F9]
    2026-03-20−1,084→ 1,085 total
    → Common Stock (1,084 underlying)
  • Exercise/Conversion

    Phantom Stock

    [F10]
    2026-03-20−859→ 0 total
    → Common Stock (859 underlying)
Holdings

  • Common Stock

    4,255.365

  • Common Stock

    (indirect: By 401(k))
    216.32

  • Common Stock

    (indirect: Employee Stock Purchase Plan)
    3,908.942

  • Restricted Stock Units

    [F7]
    → Common Stock (4,713 underlying)
    4,713

  • Phantom Stock

    [F11]
    → Common Stock (4,879 underlying)
    4,879
Footnotes (11)
  • [F1]On March 20, 2025, the reporting person was granted 3,142 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.
  • [F10]On March 20, 2021, the reporting person was granted 4,291 phantom stock shares, vesting in five equal annual installments beginning on March 20, 2022. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
  • [F11]On March 20, 2024, the reporting person was granted 4,879 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.
  • [F2]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
  • [F3]On March 20, 2022, the reporting person was granted 5,703 restricted stock units (RSUs), vesting in five equal annual installments beginning on March 20, 2023. Upon vesting, each RSU converts into one share of PGC common stock.
  • [F4]On March 20, 2023, the reporting person was granted 5,423 restricted stock units (RSUs), vesting in five equal annual installments beginning on March 20, 2024. Upon vesting, each RSU converts into one share of PGC common stock.
  • [F5]On March 20, 2023, the reporting person was granted 8,134 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. 5,616 restricted stock units vested.
  • [F6]On March 20, 2026, the reporting person was granted 4,157 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.
  • [F7]On March 20, 2025, the reporting person was granted 4,713 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.
  • [F8]On March 20, 2026, the reporting person was granted 6,236 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.
  • [F9]On March 20, 2024, the reporting person was granted 3,253 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.
Signature
Robert A. Plante|2026-03-24

Documents

1 file
  • 4
    ownership.xmlPrimary

    4