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PEAPACK GLADSTONE FINANCIAL CORP·4

Mar 24, 4:37 PM ET

BABCOCK JOHN P 4

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

Research Summary

AI-generated summary of this filing

Updated

Peapack Gladstone (PGC) SEVP John Babcock Exercises Awards

What Happened

  • John P. Babcock, Senior EVP and President of Private Wealth Management at Peapack Gladstone Financial Corp (PGC), had multiple restricted/phantom stock awards convert or vest on March 20, 2026 and received new grants the same day. In aggregate the filing shows about 43,227 shares were acquired/awarded (vests/conversions + new RSU awards) and 28,918 shares were disposed/settled. Of the disposed shares, 4,336 were withheld to satisfy tax liabilities, with reported withholding proceeds of $143,868 (tax withholding reported at $33.18/share). Several other derivative settlements were reported with no per-share price disclosed.

Key Details

  • Transaction date(s): March 20, 2026. Form 4 filed March 24, 2026 (timely within SEC two-business-day window).
  • Main codes: M = exercise/conversion of derivative (vest/settlement of RSUs/phantom shares); F = shares withheld to pay tax liability; A = grant/award (new RSUs).
  • Quantities reported (approx.): ~43,227 shares acquired/awarded (includes new grants of 9,362 RSUs and 14,043 RSUs); ~28,918 shares disposed/settled (including 4,336 shares withheld for taxes).
  • Tax withholding: 4,336 shares withheld at $33.18 each for a total of $143,868.
  • Notable footnotes: F5 indicates 12,398 restricted stock units vested; F7 and F9 show new grants on March 20, 2026 (9,362 RSUs vesting in three annual installments starting 2027; 14,043 performance-based RSUs vesting on the third anniversary if conditions met). Several other footnotes describe prior multi-year RSU/phantom grants and vesting schedules.
  • Shares owned after transaction: not specified in the provided filing details.

Context

  • These transactions are largely vesting/settlement of restricted stock units and phantom stock (M/A codes) and the related withholding of shares to cover tax obligations (F). This is a routine executive compensation event rather than an open-market buy or sell. Phantom shares are typically cash-settled equivalents of stock; RSUs convert to shares upon vesting. Because part of the disposition was share withholding for taxes, it should not be read as a market-sale signal about the insider’s view of the company.

Insider Transaction Report

Form 4
Period: 2026-03-20
PEAPACK GLADSTONE FINANCIAL CORPPGC
BABCOCK JOHN P
SEVP & Pres of Priv Wealth Mgt
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-20+1,760→ 46,264 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−901$29,895→ 45,363 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-20+1,258→ 46,621 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−644$21,368→ 45,977 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-03-20+1,197→ 47,174 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−613$20,339→ 46,561 total
  • Exercise/Conversion

    Common Stock

    [F5]
    2026-03-20+6,199→ 52,760 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-20$33.18/sh−2,178$72,266→ 50,582 total
  • Exercise/Conversion

    Common Stock

    [F1][F6]
    2026-03-20+754→ 66,222 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F3][F6]
    2026-03-20+1,258→ 67,480 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F4][F6]
    2026-03-20+1,197→ 68,677 total(indirect: By Trust)
  • Exercise/Conversion

    Common Stock

    [F5][F6]
    2026-03-20+6,199→ 74,876 total(indirect: By Trust)
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-03-20−2,514→ 5,029 total
    → Common Stock (2,514 underlying)
  • Award

    Restricted Stock Units

    [F7]
    2026-03-20+9,362→ 9,362 total
    → Common Stock (9,362 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-20−2,516→ 2,524 total
    → Common Stock (2,516 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4]
    2026-03-20−2,394→ 4,788 total
    → Common Stock (2,394 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5]
    2026-03-20−12,398→ 0 total
    → Common Stock (12,398 underlying)
  • Award

    Restricted Stock Units

    [F9]
    2026-03-20+14,043→ 14,043 total
    → Common Stock (14,043 underlying)
  • Exercise/Conversion

    Phantom Stock

    [F10]
    2026-03-20−2,760→ 2,760 total
    → Common Stock (2,760 underlying)
  • Exercise/Conversion

    Phantom Stock

    [F11]
    2026-03-20−2,000→ 0 total
    → Common Stock (2,000 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    6,720

  • Restricted Stock Units

    [F8]
    → Common Stock (11,315 underlying)
    11,315

  • Phantom Stock

    [F12]
    → Common Stock (12,418 underlying)
    12,418
Footnotes (12)
  • [F1]On March 20, 2025, the reporting person was granted 7,543 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 8,278 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 9,992 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 12,418 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, 2022, the reporting person was granted 12,588 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 11,970 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 17,955 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. 12,398 restricted stock units vested.
  • [F6]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
  • [F7]On March 20, 2026, the reporting person was granted 9,362 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 11,315 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 14,043 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
John Babcock|2026-03-24

Documents

1 file
  • 4
    ownership.xmlPrimary

    4