Peapack-Gladstone (NASDAQ: PGC) director exercises RSUs and receives new award

Rhea-AI Filing Summary

Peapack-Gladstone Financial Corp director Anthony W. Spinelli reported routine equity compensation activity. On March 20, 2026, he exercised 1,675 restricted stock units granted on March 20, 2025, which converted into 1,675 shares of common stock at no cash exercise price.

On the same date, he received a new grant of 2,034 restricted stock units that vest on the one-year anniversary of the grant, with each unit convertible into one share of common stock. Following these transactions, he directly owns 13,742 shares of common stock and holds 2,034 unvested restricted stock units.

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^*

Spinelli Anthony W.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		1,675	A	(1)	13,742	D

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			1,675	(1)	(1)	Common Stock	1,675	(1)	0	D
Restricted Stock Units	(2)	03/20/2026		A		2,034		(2)	(2)	Common Stock	2,034	(2)	2,034	D

Explanation of Responses:

1. On March 20, 2025, the reporting person was granted 1,675 restricted stock units (RSUs), vesting on the one year anniversary of the grant. Upon vesting, each RSU converts into one share of PGC common stock.

2. On March 20, 2026, the reporting person was granted 2,034 restricted stock units (RSUs), vesting on the one year anniversary of the grant. Upon vesting, each RSU converts into one share of PGC common stock.

	Anthony Spinelli	03/23/2026
	** 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 Anthony W. Spinelli report in PGC Form 4?

Anthony W. Spinelli reported an RSU vesting and a new RSU grant. He exercised 1,675 restricted stock units into an equal number of Peapack-Gladstone common shares and received a new award of 2,034 restricted stock units that will vest after one year.

How many Peapack-Gladstone (PGC) shares does Anthony W. Spinelli hold after this Form 4?

After the reported transactions, Spinelli holds 13,742 PGC common shares directly. In addition, he has 2,034 restricted stock units outstanding, which are scheduled to vest on the one-year anniversary of the March 20, 2026 grant date.

Were any Peapack-Gladstone (PGC) shares sold in this Form 4 filing?

No PGC shares were reported as sold in this Form 4. The filing shows only equity compensation activity: an exercise of 1,675 restricted stock units into common stock and a new grant of 2,034 restricted stock units, with no sales or tax-withholding dispositions.

What are the details of the new RSU grant reported for PGC director Spinelli?

Spinelli was granted 2,034 restricted stock units on March 20, 2026. The award vests on the one-year anniversary of the grant, and upon vesting each restricted stock unit converts into one share of Peapack-Gladstone common stock, according to the disclosed grant terms.

What happened to the 1,675 restricted stock units granted to Spinelli in March 2025?

The 1,675 RSUs granted on March 20, 2025 fully vested after one year. On March 20, 2026, those units converted into 1,675 shares of Peapack-Gladstone common stock, reported as an exercise or conversion with no cash exercise price per share.

Does the PGC Form 4 indicate any remaining derivative positions for Spinelli?

The filing shows no remaining RSUs from the 2025 grant and 2,034 new RSUs. All 1,675 units granted in 2025 converted into common stock, while the 2,034 restricted stock units granted March 20, 2026 remain outstanding until their one-year vesting date.