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  4. [144] PEAPACK GLADSTONE FINANCIAL CORP SEC Filing

Peapack Gladstone officer may sell 1,250 shares

A Rule 144 filing shows officer Gregory Martin Smith intends to sell 1,250 PGC shares after Sept. 2, 2026, for about $55,825 via Fidelity.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a notice under Rule 144 for a planned sale of common stock by officer Gregory Martin Smith. The filing indicates an intended sale of 1,250 shares of common stock through Fidelity Brokerage Services LLC, with an approximate aggregate sale price of $55,825, on or after September 2, 2026.

The shares listed for potential sale trace to multiple restricted stock vesting awards received as compensation from 2021 through 2025, including grants such as 36 shares vesting on August 24, 2023 and 952 shares vesting on March 20, 2025.

Positive

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Negative

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Shares covered by Form 144 1,250 shares Common stock of Peapack Gladstone Financial Corp indicated for possible sale
Approximate aggregate sale price $55,825 Estimated value of the 1,250 PGC shares covered by the notice
Large restricted stock vesting 952 shares Restricted stock vesting on March 20, 2025 listed as compensation from issuer
Restricted stock vesting example 36 shares Restricted stock vesting on August 24, 2023 listed as compensation from issuer
Issuer phone number 908-234-0700 Contact number for Peapack Gladstone Financial Corp
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 03/20/2025 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Gregory M. Smith"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
compensation financial
"03/20/2025 | Compensation"

FAQ

What does the Form 144 filing for PGC disclose about planned share sales?
The Form 144 notice discloses that 1,250 shares of Peapack Gladstone Financial Corp common stock may be sold by officer Gregory Martin Smith, with an approximate aggregate sale price of $55,825, through Fidelity Brokerage Services LLC, on or after September 2, 2026.

Who is selling PGC shares in this Form 144 and in what capacity?
The shares relate to Gregory Martin Smith, identified as an officer of Peapack Gladstone Financial Corp. Fidelity Brokerage Services LLC is involved as the broker, with the filing signed by Gary Redman as attorney-in-fact for Gregory M. Smith.

How many PGC shares are covered by this Rule 144 notice and at what value?
The notice covers a potential sale of 1,250 shares of Peapack Gladstone Financial Corp common stock with an indicated approximate aggregate sale price of $55,825, based on information provided in the filing.

What is the source of the PGC shares listed for sale in this Form 144?
The shares listed for potential sale come from multiple restricted stock vesting awards granted as compensation by the issuer between February 26, 2021 and March 20, 2025, including several small grants and a larger vesting of 952 shares on March 20, 2025.

On which market are the PGC shares in this Form 144 traded?
The filing identifies the common stock covered by the notice as traded on NASDAQ, with the broker listed as Fidelity Brokerage Services LLC for the contemplated sale of 1,250 shares.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR