Peapack-Gladstone (PGC) officer logs RSU exercise, tax withholding and new phantom stock award

Rhea-AI Filing Summary

Peapack-Gladstone Financial Corp senior vice president and chief accounting officer Francesco S. Rossi reported routine equity compensation activity. On March 20, 2026, he exercised 763 restricted stock units, receiving the same number of common shares at a $0.00 exercise price. To cover tax obligations from this RSU settlement, 280 common shares were withheld at a value of $33.18 per share, leaving 5,687 common shares held directly.

Rossi also recorded several phantom stock movements tied to earlier grants. He converted 743, 584, and 255 phantom stock shares into common stock equivalents and received a new grant of 1,893 phantom stock shares, which vest in three equal annual installments beginning on March 20, 2027. Each phantom share is the economic equivalent of one share of common stock. In addition to his direct holdings, he indirectly holds 4,943.79 common shares through an employee stock purchase plan. These transactions reflect compensation vesting, tax withholding, and ongoing incentive awards rather than open-market buying or selling.

Insider Trade Summary

2,345 shares exercised/converted

Mixed 8 txns

Insider ROSSI FRANCESCO S

Role SVP/Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	763	$0.00	--
Exercise	Phantom Stock	743	$0.00	--
Exercise	Phantom Stock	584	$0.00	--
Grant/Award	Phantom Stock	1,893	$0.00	--
Exercise	Phantom Stock	255	$0.00	--
Exercise	Common Stock	763	$0.00	--
Tax Withholding	Common Stock	280	$33.18	$9K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Phantom Stock — 743 shares (Direct); Common Stock — 5,967 shares (Direct); Common Stock — 4,943.79 shares (Indirect, Employee Stock Purchase Plan)

Footnotes (1)

1. On March 20, 2023, the reporting person was granted 2,288 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. Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units. On March 20, 2024, the reporting person was granted 2,228 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. On March 20, 2025, the reporting person was granted 1,754 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2026. Upon vesting, each phantom share is the economic equivalent of one share of common stock. On March 20, 2026, the reporting person was granted 1,893 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2027. Upon vesting, each phantom share is the economic equivalent of one share of common stock. On March 20, 2021, the reporting person was granted 1,259 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/24/2026 - 02:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ROSSI FRANCESCO S

(Last) (First) (Middle)

500 HILLS DRIVE, SUITE 300

PO BOX 700

(Street)

BEDMINSTER NEW JERSEY 07921

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PEAPACK GLADSTONE FINANCIAL CORP [ PGC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP/Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/20/2026		M		763	A	(1)	5,967	D
Common Stock	03/20/2026		F(2)		280	D	$33.18	5,687	D
Common Stock								4,943.79	I	Employee Stock Purchase Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/20/2026		M			763	(1)	(1)	Common Stock	763	(1)	0	D
Phantom Stock	(3)	03/20/2026		M			743	(3)	(3)	Common Stock	743	(3)	743	D
Phantom Stock	(4)	03/20/2026		M			584	(4)	(4)	Common Stock	584	(4)	1,170	D
Phantom Stock	(5)	03/20/2026		A		1,893		(5)	(5)	Common Stock	1,893	(5)	1,893	D
Phantom Stock	(6)	03/20/2026		M			255	(6)	(6)	Common Stock	255	(6)	0	D

Explanation of Responses:

1. On March 20, 2023, the reporting person was granted 2,288 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.

2. Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.

3. On March 20, 2024, the reporting person was granted 2,228 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.

4. On March 20, 2025, the reporting person was granted 1,754 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2026. Upon vesting, each phantom share is the economic equivalent of one share of common stock.

5. On March 20, 2026, the reporting person was granted 1,893 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2027. Upon vesting, each phantom share is the economic equivalent of one share of common stock.

6. On March 20, 2021, the reporting person was granted 1,259 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.

	Francesco S. Rossi	03/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did PGC executive Francesco Rossi report on March 20, 2026?

Francesco Rossi reported exercising 763 restricted stock units into common shares and several phantom stock conversions, along with a new 1,893-share phantom stock grant. These transactions reflect equity compensation vesting and awards, not open-market stock purchases or sales.

How many Peapack-Gladstone (PGC) shares does Francesco Rossi hold after these Form 4 transactions?

After the reported transactions, Francesco Rossi directly holds 5,687 shares of Peapack-Gladstone common stock and indirectly holds 4,943.79 shares through an employee stock purchase plan. These holdings reflect settled RSUs, tax-withheld shares, and accumulated plan purchases.

Were any Peapack-Gladstone (PGC) shares sold on the open market in this Form 4?

No open-market sales were reported. The only share disposition was 280 common shares withheld at $33.18 each to satisfy tax obligations from RSU settlement, a standard non-market mechanism rather than a discretionary sale into the market.

What new phantom stock award did Francesco Rossi receive from Peapack-Gladstone (PGC)?

Rossi received a grant of 1,893 phantom stock shares on March 20, 2026. These will vest in three equal annual installments beginning March 20, 2027, and each phantom share is the economic equivalent of one share of common stock.

How many derivative exercises did the PGC Form 4 report for Francesco Rossi?

The Form 4 shows four derivative exercises coded “M,” totaling 2,345 shares across restricted stock units and phantom stock. These exercises convert prior compensation awards into common stock or economic equivalents, without representing new open-market purchases.

What does the tax withholding transaction in the PGC Form 4 indicate?

The filing shows 280 PGC common shares disposed of at $33.18 per share to cover tax obligations from RSU settlement. This F-code transaction is issuer withholding for taxes, not an open-market sale, and does not reflect an investment decision to sell shares.