Peapack-Gladstone (PGC) CRO gets stock awards, exercises units, pays taxes

Rhea-AI Filing Summary

PEAPACK GLADSTONE FINANCIAL CORP EVP & Chief Risk Officer Maureen Hemhauser reported routine equity compensation activity. On March 20, 2026, she exercised or settled derivative awards, including restricted stock units and phantom stock, into 7,076 shares of common stock, while 1,052 shares were withheld at $33.18 per share to cover tax obligations.

She also received new grants of 5,386 and 1,795 restricted stock units that vest over multi‑year schedules described in the award terms. After these transactions, she continues to hold unvested awards representing 1,399 underlying common shares in restricted stock units and 1,426 underlying common shares in phantom stock units, along with both direct and indirect common stock holdings, including shares held in a rabbi trust and a 401(k) plan.

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

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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^*

Hemhauser Maureen

(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)
	EVP & Chief Risk 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		699	A	(1)	699	D
Common Stock	03/20/2026		F(2)		220	D	$33.18	479	D
Common Stock	03/20/2026		M		1,232	A	(3)	1,711	D
Common Stock	03/20/2026		F(2)		387	D	$33.18	1,324	D
Common Stock	03/20/2026		M		1,418	A	(4)	2,742	D
Common Stock	03/20/2026		F(2)		445	D	$33.18	2,297	D
Common Stock	03/20/2026		M		699	A	(1)	8,638	I	Rabbi Trust(5)
Common Stock	03/20/2026		M		942	A	(6)	9,580	I	Rabbi Trust(5)
Common Stock								456.11	I	401(k)

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			1,398	(1)	(1)	Common Stock	1,398	(1)	2,799	D
Restricted Stock Units	(7)	03/20/2026		A		5,386		(7)	(7)	Common Stock	5,386	(7)	5,386	D
Restricted Stock Units	(6)	03/20/2026		M			942	(6)	(6)	Common Stock	942	(6)	944	D
Restricted Stock Units	(3)	03/20/2026		M			1,232	(3)	(3)	Common Stock	1,232	(3)	2,466	D
Restricted Stock Units	(4)	03/20/2026		M			1,418	(4)	(4)	Common Stock	1,418	(4)	0	D
Restriced Stock Units	(8)							(8)	(8)	Common Stock	1,399		1,399	D
Restricted Stock Units	(9)	03/20/2026		A		1,795		(9)	(9)	Common Stock	1,795	(9)	1,795	D
Phantom Stock	(10)	03/20/2026		M			1,426	(10)	(10)	Common Stock	1,426	(10)	1,427	D
Phantom Stock	(11)	03/20/2026		M			660	(11)	(11)	Common Stock	660	(11)	0	D
Phantom Stock Units	(12)							(12)	(12)	Common Stock	1,426		1,426	D

Explanation of Responses:

1. 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.

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

3. 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.

4. 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.

5. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

	Maureen Hemhauser	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 Maureen Hemhauser report on March 20, 2026?

Maureen Hemhauser reported exercising restricted stock units and phantom stock into 7,076 shares of Peapack-Gladstone common stock. The filing also shows new grants of 5,386 and 1,795 RSUs, plus tax‑related share withholdings, reflecting routine compensation activity.

How many PGC shares were withheld for taxes in Maureen Hemhauser’s Form 4?

The Form 4 shows 1,052 shares of Peapack-Gladstone common stock withheld at $33.18 per share to satisfy tax obligations. These F‑code transactions are not open‑market sales but share deliveries to cover exercise and vesting‑related tax liabilities.

What new restricted stock unit awards did PGC grant to Maureen Hemhauser?

Maureen Hemhauser received grants of 5,386 and 1,795 restricted stock units. According to the award terms, these RSUs vest in scheduled installments or on a third anniversary if performance conditions are met, each converting into one share of common stock upon vesting.

What RSU and phantom stock balances does Maureen Hemhauser still hold after these PGC transactions?

After the reported transactions, she continues to hold restricted stock units tied to 1,399 underlying common shares and phantom stock units tied to 1,426 underlying shares. These remaining derivative awards represent unvested, compensation‑related exposure to Peapack-Gladstone stock.

How are Maureen Hemhauser’s indirect PGC shareholdings structured in this Form 4?

The filing shows indirect ownership of common stock through a rabbi trust under a non‑qualified deferred compensation plan and separate holdings in a 401(k) plan. These entries reflect retirement and deferred compensation arrangements rather than open‑market trading activity.

Does Maureen Hemhauser’s Form 4 for PGC indicate any open-market stock sales or purchases?

The Form 4 does not report open‑market purchases or sales. It shows option and award exercises, new RSU and phantom stock grants, and F‑code tax‑withholding dispositions, which are mechanistic share deliveries to cover taxes rather than discretionary market trades.