Peapack-Gladstone EVP receives stock awards
Peapack-Gladstone Financial EVP and Chief Credit Officer Lisa Chalkan reported compensation-related equity activity.
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Form Type
4
Rhea-AI Filing Summary
Peapack-Gladstone Financial EVP and Chief Credit Officer Lisa Chalkan reported compensation-related equity activity. On March 20, 2026, she exercised derivative awards covering 7,426 shares of common stock and received 5,785 time-based and 1,928 performance-based restricted stock units at no cash exercise price.
The filing shows 1,415 common shares were withheld at $33.18 per share to cover tax obligations tied to these vestings. After these transactions, she directly owned 27,175 common shares, plus 501.4200 shares held indirectly through a 401(k) plan, along with remaining restricted stock units and phantom stock linked to 1,633 and 2,112 underlying shares, respectively.
Insider Trade Summary
7,426 shares exercised/converted
Exercise
13 txns
Insider
Chalkan Lisa
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,633 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,785 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,560 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,795 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,928 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 2,112 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 326 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,795 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 509 | $33.18 | $17K |
| Exercise | Common Stock | 1,560 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 443 | $33.18 | $15K |
| Exercise | Common Stock | 1,633 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 463 | $33.18 | $15K |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Phantom Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,732 contracts for 1,633 underlying shares (Direct);
Phantom Stock — 4,225 contracts for 2,112 underlying shares (Direct);
Common Stock — 27,175 shares (Direct);
Common Stock — 501.42 shares (Indirect, 401(k))
Holdings Before and After:
Restricted Stock Units, 13,007 to 15,732 contracts (Direct);
Phantom Stock, 6,663 to 4,225 contracts (Direct);
Common Stock, 23,602 to 27,175 shares (Direct)
Footnotes (11)
- F1. On March 20, 2023, the reporting person was granted 2,600 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. 1,795 restricted stock units vested.
- 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 7,800 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, 2025, the reporting person was granted 4,899 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.
- F5. Includes shares received through dividend reinvestment since the last filing.
- F6. On March 20, 2021, the reporting person was granted 1,614 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.
- F7. On March 20, 2024, the reporting person was granted 6,337 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.
- F8. On March 20, 2026, the reporting person was granted 5,785 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.
- F9. On March 20, 2026, the reporting person was granted 1,928 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.
- F10. On March 20, 2025, the reporting person was granted 1,633 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.
- F11. On March 20, 2024, the reporting person was granted 2,112 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PGC executive Lisa Chalkan report on March 20, 2026?
Lisa Chalkan reported derivative exercises and grants on March 20, 2026. She exercised awards tied to 7,426 common shares and received 5,785 time-based and 1,928 performance-based restricted stock units, all at a $0.00 exercise price, as part of her equity compensation.
Did the PGC Form 4 for Lisa Chalkan show any open-market buying or selling?
The Form 4 does not show open-market buying or selling. Reported dispositions were 1,415 common shares withheld at $33.18 per share to satisfy tax obligations from vesting awards, rather than discretionary market sales or purchases of Peapack-Gladstone Financial common stock.
What new equity awards did PGC grant to Lisa Chalkan in this filing?
The filing shows Peapack-Gladstone granted 5,785 restricted stock units vesting in three annual installments and 1,928 performance-based restricted stock units vesting on the third anniversary, each convertible into one common share upon vesting, aligning compensation with future company performance.
What derivative positions does Lisa Chalkan retain after the March 20, 2026 Form 4?
She retains restricted stock units and phantom stock tied to underlying common shares. Remaining positions cover 1,633 underlying common shares from restricted stock units and 2,112 underlying shares from phantom stock, both with a stated $0.00 exercise price upon vesting.
How were tax obligations handled for Lisa Chalkan’s vested PGC awards?
Tax obligations were settled by withholding shares instead of cash. The Form 4 records 1,415 common shares withheld at $33.18 per share, classified as F-code transactions, reflecting payment of tax liabilities arising from settlement of restricted stock unit awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
