Peapack-Gladstone COO exercises and receives stock
Peapack-Gladstone Financial Corp EVP and COO Robert A. Plante reported compensation-related equity activity on March 20, 2026.
Rhea-AI Filing Summary
Peapack-Gladstone Financial Corp EVP and COO Robert A. Plante reported compensation-related equity activity on March 20, 2026. He exercised derivative awards into 10,830 shares of common stock and received new grants of 4,157 and 6,236 restricted stock units that convert into common shares upon future vesting.
Following these transactions, a rabbi trust associated with him holds 69,478.314 common shares indirectly, while he also retains direct derivative interests in 4,713 restricted stock units and 4,879 phantom stock units, each economically tied to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,830 shares exercised/converted
Exercise
17 txns
Insider
PLANTE ROBERT A.
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,047 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 4,157 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,140 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,084 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,616 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 6,236 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 1,084 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 859 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,047 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,140 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,084 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,616 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,515 contracts for 4,713 underlying shares (Direct);
Phantom Stock — 5,964 contracts for 4,879 underlying shares (Direct);
Common Stock — 69,478.314 shares (Indirect, Rabbi Trust);
Common Stock — 4,255.3649 shares (Direct);
Common Stock — 216.32 shares (Indirect, 401(k));
Common Stock — 3,908.9423 shares (Indirect, Employee Stock Purchase Plan)
Footnotes (11)
- F1. On March 20, 2025, the reporting person was granted 3,142 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.
- F2. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- F3. On March 20, 2022, the reporting person was granted 5,703 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.
- F4. On March 20, 2023, the reporting person was granted 5,423 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.
- F5. On March 20, 2023, the reporting person was granted 8,134 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. 5,616 restricted stock units vested.
- F6. On March 20, 2026, the reporting person was granted 4,157 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.
- F7. On March 20, 2025, the reporting person was granted 4,713 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, 2026, the reporting person was granted 6,236 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.
- F9. On March 20, 2024, the reporting person was granted 3,253 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.
- F10. On March 20, 2021, the reporting person was granted 4,291 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.
- F11. On March 20, 2024, the reporting person was granted 4,879 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 did PGC executive Robert Plante report in this Form 4?
Robert A. Plante, EVP and COO of Peapack-Gladstone Financial Corp (PGC), reported exercises of equity awards into common stock and new grants of restricted stock units and phantom stock, all related to his compensation program rather than open-market share purchases or sales.
What new restricted stock units did Robert Plante receive from PGC?
Robert Plante received new grants of 4,157 and 6,236 restricted stock units from Peapack-Gladstone Financial Corp (PGC). Each unit is scheduled to vest over time or upon performance, then converts into one share of PGC common stock when vesting conditions are satisfied.
What derivative positions does Robert Plante still hold in PGC equity?
Following the reported activity, Robert Plante retains derivative interests in 4,713 restricted stock units and 4,879 phantom stock units tied to Peapack-Gladstone Financial Corp (PGC) common stock. Each unit is economically equivalent to one share, subject to vesting and performance conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
