Peapack Gladstone risk chief sells 2,297 shares
EVP & Chief Risk Officer Maureen Hemhauser sold 2,297 PGC shares but retains indirect holdings, RSUs and phantom stock awards.
Rhea-AI Filing Summary
PEAPACK GLADSTONE FINANCIAL CORP (PGC) executive Maureen Hemhauser, EVP & Chief Risk Officer, reported selling 2,297 shares of common stock on September 21, 2026 at $45.3241 per share, leaving her with no directly held common shares. She continues to hold indirect common stock through a rabbi trust and 401(k), as well as multiple grants of restricted stock units and phantom stock tied to PGC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,297 shares
Net Sell
11 txns
Insider
Hemhauser Maureen
Role
EVP & Chief Risk Officer
Sold
2,297 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,297 | $45.3241 | $104K |
| holding | Restricted Stock Units F2 | -- | -- | -- |
| holding | Restricted Stock Units F3 | -- | -- | -- |
| holding | Restricted Stock Units F4 | -- | -- | -- |
| holding | Restricted Stock Units F5 | -- | -- | -- |
| holding | Restriced Stock Units F6 | -- | -- | -- |
| holding | Restricted Stock Units F7 | -- | -- | -- |
| holding | Phantom Stock F8 | -- | -- | -- |
| holding | Phantom Stock Units F9 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Restricted Stock Units — 13,390 contracts (Direct);
Restriced Stock Units — 1,399 contracts (Direct);
Phantom Stock — 1,427 contracts (Direct);
Phantom Stock Units — 1,426 contracts (Direct);
Common Stock — 9,580 shares (Indirect, Rabbi Trust);
Common Stock — 456.11 shares (Indirect, 401(k))
Footnotes (9)
- F1. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
Key Figures
Common shares sold: 2,297 shares
Sale price per share: $45.3241 per share
Direct common shares after sale: 0 shares
+5 more
8 metrics
Common shares sold
2,297 shares
Sale of PGC common stock on September 21, 2026
Sale price per share
$45.3241 per share
Open-market or private sale of 2,297 PGC shares
Direct common shares after sale
0 shares
Direct PGC common stock owned following the September 21, 2026 sale
Indirect common shares via rabbi trust
9,580 shares
PGC common stock held indirectly through a rabbi trust
Indirect common shares via 401(k)
456.11 shares
PGC common stock held indirectly through a 401(k) plan
Largest RSU block (underlying shares)
5,386 underlying shares
Restricted stock units granted March 20, 2026, vesting over three years
Phantom stock holdings
1,427 phantom shares; 1,426 phantom stock units
Each phantom unit economically equivalent to one PGC common share
Net common shares sold
2,297 shares
Net buy/sell direction across reported non-derivative transactions
Key Terms
Restricted Stock Units, phantom stock shares, phantom stock units, rabbi trust, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 4,197 restricted stock units (RSUs), vesting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
phantom stock units financial
"the reporting person was granted 1,426 phantom stock shares, vesting"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
rabbi trust financial
"Held indirectly through a rabbi trust pursuant to a non-qualified deferred"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
non-qualified deferred compensation plan financial
"through a rabbi trust pursuant to a non-qualified deferred compensation plan"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PGC executive Maureen Hemhauser report?
Maureen Hemhauser reported selling 2,297 shares of PEAPACK GLADSTONE FINANCIAL CORP common stock on September 21, 2026 at a price of $45.3241 per share, and after this transaction she held no common stock directly.
Does Maureen Hemhauser still own PGC stock after this Form 4 filing?
Yes. While she reported 0 directly held common shares after the sale, she has 9,580 shares of common stock held indirectly through a rabbi trust and 456.11 shares held indirectly through a 401(k) plan, plus various RSU and phantom stock awards.
What restricted stock unit (RSU) positions linked to PGC common stock does Hemhauser report?
Hemhauser reports several RSU positions, including blocks representing 2,799, 5,386, 944, 2,466, 1,399 and 1,795 underlying PGC common shares, each with stated vesting schedules and performance conditions described in the footnotes.
Were Maureen Hemhauser’s PGC transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the reported sale of 2,297 PGC shares occurred under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
