Peapack-Gladstone (PGC) EVP Reports Share Sale and Equity Awards

Rhea-AI Filing Summary

Peapack-Gladstone Financial Corporation (PGC) insider Lisa Chalkan reported a share sale and disclosed existing equity awards. The filing shows a sale of 2,500 shares of common stock on 09/18/2025 at a price of $29.652 per share, leaving Ms. Chalkan with 23,602 shares directly owned. The filing also indicates an indirect holding of 497.96 shares through a 401(k). In addition to direct share ownership, the report lists multiple equity awards: restricted stock, restricted stock units, and phantom stock grants that vest on varying schedules and, in some cases, are subject to performance conditions. The form is signed and dated 09/19/2025.

Positive

• Timely, signed disclosure of the insider transaction (Form 4 filed and signed 09/19/2025).
• Ongoing equity alignment: the reporting person retains multiple restricted stock, restricted stock units, and phantom stock awards with documented vesting schedules and performance conditions.
• Clear ownership detail: direct ownership (23,602 shares) and indirect 401(k) holdings (497.96 shares) are explicitly reported.

Negative

• Disposition of shares: sale of 2,500 shares at $29.652 reduced direct holdings.
• Some awards subject to performance-based cliff vesting, meaning contingent shares may not vest if conditions are unmet.

Insights

Financial Analyst

TL;DR: Officer sold a modest number of shares; retains substantial vested and unvested equity awards.

The Form 4 documents an open-market sale of 2,500 common shares at $29.652, reducing direct holdings to 23,602 shares while showing indirect 401(k) holdings of 497.96 shares. The filing also details multiple long-term equity awards (restricted stock, restricted stock units, and phantom stock) with staggered vesting and some performance-based cliff vesting. For investors, this is a routine insider disclosure reflecting both liquidity activity and ongoing equity incentive alignment.

Corporate Governance Expert

TL;DR: Disclosure appears complete and timely; awards include performance- and time-based vesting provisions.

The report includes clear identification of the reporting person as an executive officer (EVP, Chief Credit Officer) and lists the sale transaction plus detailed explanatory notes on vesting schedules and performance conditions for restricted stock units and phantom stock. Documentation of vesting schedules and performance conditions is pertinent for assessing incentive alignment and potential future dilution from settlement of contingent awards.

Insider Trade Summary

Net Seller: 2,500 shares ($74,130)

Net Sell 8 txns

Insider Chalkan Lisa

Role EVP, Chief Credit Officer

Sold 2,500 shs ($74K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,500	$29.652	$74K
holding	Restricted Stock	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Phantom Stock	--	--	--
holding	Phantom Stock	--	--	--
holding	Phantom Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 23,602 shares (Direct); Restricted Stock — 4,899 shares (Direct); Restricted Stock Units — 4,680 shares (Direct); Phantom Stock — 4,225 shares (Direct); Common Stock — 497.96 shares (Indirect, 401(k))

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation. The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date. The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date. The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied. Each share of phantom stock is the economic equivalent of one share of common stock. The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date. The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date. Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met. The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Chalkan Lisa

(Last) (First) (Middle)

500 HILLS DRIVE, SUITE 300

PO BOX 700

(Street)

BEDMINSTER NJ 07921

(City) (State) (Zip)

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 Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/18/2025		S		2,500	D	$29.652	23,602	D
Common Stock								497.96	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	(1)							(2)	(2)	Common Stock	4,899		4,899	D
Restricted Stock Units	(1)							(3)	(3)	Common Stock	4,680		4,680	D
Restricted Stock Units	(1)							(4)	(4)	Common Stock	4,233		4,233	D
Phantom Stock	(5)							(6)	(6)	Common Stock	4,225		4,225	D
Phantom Stock	(5)							(7)	(7)	Common Stock	326		326	D
Phantom Stock	(8)							(9)	(9)	Common Stock	2,112		2,112	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.

2. The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.

3. The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.

4. The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.

5. Each share of phantom stock is the economic equivalent of one share of common stock.

6. The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.

7. The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.

8. Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met.

9. The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.

	Lisa Chalkan	09/19/2025
	** 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.

FAQ

What did insider Lisa Chalkan report on Form 4 for PGC?

She reported a sale of 2,500 common shares on 09/18/2025 at $29.652 per share and disclosed her remaining holdings and equity awards.

How many PGC shares does Lisa Chalkan directly own after the reported transaction?

23,602 shares directly owned following the 2,500-share sale.

Does the filing show any indirect holdings for Lisa Chalkan in PGC?

Yes: 497.96 shares are held indirectly through a 401(k), as disclosed in the Form 4.

What types of equity awards are disclosed in the Form 4?

Restricted stock, restricted stock units (RSUs), and phantom stock are listed, each with specified vesting schedules and some with performance conditions.

Are the equity awards immediately vested?

No: the filing specifies staggered vesting (e.g., three- or five-year installments) and some cliff vesting tied to performance conditions.