Earnings Feed
Start Free
PEAPACK GLADSTONE FINANCIAL CORP·4

Mar 24, 4:22 PM ET

Hemhauser Maureen 4

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

Research Summary

AI-generated summary of this filing

Updated

Peapack Gladstone (PGC) EVP Maureen Hemhauser Exercises Derivatives, Receives RSUs

What Happened

  • Maureen Hemhauser, EVP & Chief Risk Officer of Peapack Gladstone Financial Corp (PGC), had multiple derivative conversions/exercises and grant entries reported for March 20, 2026. Across the entries she acquired a total of 12,171 shares from conversions/grants and had 8,128 shares disposed (including tax-withheld shares and other derivative settlements), for a net increase of 4,043 shares of common stock.
  • Three tax-withholding transactions (Form 4 code F) show 1,052 shares withheld at $33.18 per share, totaling $34,906 withheld to satisfy tax obligations. The filing also reports new RSU grants: 5,386 RSUs (footnote F7) and 1,795 performance-based RSUs (footnote F9) issued on March 20, 2026.

Key Details

  • Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (filed within the usual 2-business-day window for Section 16 reporting).
  • Notable codes: M = exercise/conversion of derivatives (RSUs/phantom stock), A = award/grant, F = shares withheld to satisfy tax obligations.
  • Tax withholding: 1,052 shares withheld at $33.18/share = $34,906 (three F transactions: 220, 387, 445 shares).
  • Grants reported: 5,386 RSUs (vesting in three equal annual installments beginning March 20, 2027 — F7) and 1,795 performance RSUs (vesting on 3rd anniversary if conditions met — F9).
  • Previous grants/vests referenced in footnotes (2021–2025 grants and vest schedules); footnote F4 notes 1,418 RSUs vested from a 2023 grant.
  • Shares owned after the transactions were not listed in the provided data; reported net increase in beneficial ownership from the March 20 activity = +4,043 shares.

Context

  • These filings mainly reflect vesting/conversion of RSUs and phantom-stock awards and the related withholding of shares to cover taxes (a routine, non-open-market disposition). That withholding functions like a cashless settlement rather than a discretionary sale.
  • Transaction codes: M = exercised/converted derivative (e.g., vested RSUs or phantom shares converting to shares), A = award/grant (new RSUs), F = tax withholding (share-for-taxes).
  • This activity appears administrative (vesting, conversion, and grants) rather than an open-market buy or sell; no open-market purchase (P) or market sale (S) is reported.

Insider Transaction Report

Form 4
Period: 2026-03-20
PEAPACK GLADSTONE FINANCIAL CORPPGC
Hemhauser Maureen
EVP & Chief Risk Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-20+699→ 699 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−220$7,300→ 479 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-20+1,232→ 1,711 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−387$12,841→ 1,324 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-03-20+1,418→ 2,742 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−445$14,765→ 2,297 total
  • Exercise/Conversion

    Common Stock

    [F1][F5]
    2026-03-20+699→ 8,638 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F6][F5]
    2026-03-20+942→ 9,580 total(indirect: By Trust)
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-03-20−1,398→ 2,799 total
    → Common Stock (1,398 underlying)
  • Award

    Restricted Stock Units

    [F7]
    2026-03-20+5,386→ 5,386 total
    → Common Stock (5,386 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6]
    2026-03-20−942→ 944 total
    → Common Stock (942 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-20−1,232→ 2,466 total
    → Common Stock (1,232 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4]
    2026-03-20−1,418→ 0 total
    → Common Stock (1,418 underlying)
  • Award

    Restricted Stock Units

    [F9]
    2026-03-20+1,795→ 1,795 total
    → Common Stock (1,795 underlying)
  • Exercise/Conversion

    Phantom Stock

    [F10]
    2026-03-20−1,426→ 1,427 total
    → Common Stock (1,426 underlying)
  • Exercise/Conversion

    Phantom Stock

    [F11]
    2026-03-20−660→ 0 total
    → Common Stock (660 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    456.11

  • Restriced Stock Units

    [F8]
    → Common Stock (1,399 underlying)
    1,399

  • Phantom Stock Units

    [F12]
    → Common Stock (1,426 underlying)
    1,426
Footnotes (12)
  • [F1]On March 20, 2025, the reporting person was granted 4,197 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, 2024, the reporting person was granted 4,279 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.
  • [F11]On March 20, 2021, the reporting person was granted 3,287 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.
  • [F12]On March 20, 2024, the reporting person was granted 1,426 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]Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
  • [F3]On March 20, 2023, the reporting person was granted 6,162 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.
  • [F4]On March 20, 2023, the reporting person was granted 2,054 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. 1,418 restricted stock units vested.
  • [F5]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
  • [F6]On March 20, 2022, the reporting person was granted 4,712 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.
  • [F7]On March 20, 2026, the reporting person was granted 5,386 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.
  • [F8]On March 20, 2025, the reporting person was granted 1,399 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, 2026, the reporting person was granted 1,795 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.
Signature
Maureen Hemhauser|2026-03-24

Documents

1 file
  • 4
    ownership.xmlPrimary

    4