Peapack-Gladstone Financial (PGC) executive reports RSU grants and tax withholding

Rhea-AI Filing Summary

Peapack-Gladstone Financial Corp executive John P. Babcock reported a series of equity compensation events on March 20, 2026. He exercised multiple vested restricted stock unit and phantom stock awards into common shares and had 4,336 common shares withheld at $33.18 per share to cover tax obligations.

Babcock also received new grants of 9,362 time-based restricted stock units and 14,043 performance-based restricted stock units that each convert into one share of common stock upon future vesting. After these transactions, he directly held 46,561 common shares and indirectly held additional shares through a rabbi trust and a 401(k) plan, along with unvested RSU and phantom stock awards.

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^*

BABCOCK JOHN P

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP & Pres of Priv Wealth Mgt

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		1,760	A	(1)	46,264	D
Common Stock	03/20/2026		F(2)		901	D	$33.18	45,363	D
Common Stock	03/20/2026		M		1,258	A	(3)	46,621	D
Common Stock	03/20/2026		F(2)		644	D	$33.18	45,977	D
Common Stock	03/20/2026		M		1,197	A	(4)	47,174	D
Common Stock	03/20/2026		F(2)		613	D	$33.18	46,561	D
Common Stock	03/20/2026		M		6,199	A	(5)	52,760	D
Common Stock	03/20/2026		F(2)		2,178	D	$33.18	50,582	D
Common Stock	03/20/2026		M		754	A	(1)	66,222	I	Rabbi Trust(6)
Common Stock	03/20/2026		M		1,258	A	(3)	67,480	I	Rabbi Trust(6)
Common Stock	03/20/2026		M		1,197	A	(4)	68,677	I	Rabbi Trust(6)
Common Stock	03/20/2026		M		6,199	A	(5)	74,876	I	Rabbi Trust(6)
Common Stock								6,720	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 Units	(1)	03/20/2026		M			2,514	(1)	(1)	Common Stock	2,514	(1)	5,029	D
Restricted Stock Units	(7)	03/20/2026		A		9,362		(7)	(7)	Common Stock	9,362	(7)	9,362	D
Restricted Stock Units	(3)	03/20/2026		M			2,516	(3)	(3)	Common Stock	2,516	(3)	2,524	D
Restricted Stock Units	(4)	03/20/2026		M			2,394	(4)	(4)	Common Stock	2,394	(4)	4,788	D
Restricted Stock Units	(5)	03/20/2026		M			12,398	(5)	(5)	Common Stock	12,398	(5)	0	D
Restricted Stock Units	(8)							(8)	(8)	Common Stock	11,315		11,315	D
Restricted Stock Units	(9)	03/20/2026		A		14,043		(9)	(9)	Common Stock	14,043	(9)	14,043	D
Phantom Stock	(10)	03/20/2026		M			2,760	(10)	(10)	Common Stock	2,760	(10)	2,760	D
Phantom Stock	(11)	03/20/2026		M			2,000	(11)	(11)	Common Stock	2,000	(11)	0	D
Phantom Stock	(12)							(12)	(12)	Common Stock	12,418		12,418	D

Explanation of Responses:

1. On March 20, 2025, the reporting person was granted 7,543 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.

2. Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.

3. On March 20, 2022, the reporting person was granted 12,588 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.

4. On March 20, 2023, the reporting person was granted 11,970 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.

5. On March 20, 2023, the reporting person was granted 17,955 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. 12,398 restricted stock units vested.

6. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.

7. On March 20, 2026, the reporting person was granted 9,362 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.

8. On March 20, 2025, the reporting person was granted 11,315 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.

9. On March 20, 2026, the reporting person was granted 14,043 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.

10. On March 20, 2024, the reporting person was granted 8,278 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.

11. On March 20, 2021, the reporting person was granted 9,992 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.

12. On March 20, 2024, the reporting person was granted 12,418 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.

	John Babcock	03/24/2026
	** 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 did PGC executive John P. Babcock report in this Form 4?

John P. Babcock reported equity compensation activity, including RSU and phantom stock vesting into common shares, new RSU grants, and share withholding for taxes. These transactions reflect routine executive compensation rather than open-market buying or selling of Peapack-Gladstone Financial common stock.

How many new restricted stock units did John P. Babcock receive from PGC?

Babcock received 9,362 time-based RSUs and 14,043 performance-based RSUs. Each restricted stock unit converts into one share of Peapack-Gladstone Financial common stock if and when the applicable vesting or performance conditions disclosed in the footnotes are satisfied in future years.

Were any PGC shares sold by John P. Babcock in the open market?

No open-market sales were reported. The only dispositions were 4,336 common shares delivered at $33.18 per share to satisfy tax withholding obligations. These F-code transactions are administrative tax payments and are not discretionary market sales of PGC stock.

How many Peapack-Gladstone common shares does Babcock hold after these transactions?

After these transactions, Babcock directly holds 46,561 common shares and indirectly holds additional common shares through a rabbi trust and a 401(k) plan. He also retains unvested restricted stock unit and phantom stock awards tied to future vesting conditions.

What are the key vesting terms of Babcock’s new PGC RSU awards?

The 9,362 RSUs vest in three equal annual installments beginning March 20, 2027. The 14,043 performance-based RSUs vest on the third anniversary of the March 20, 2026 grant if specified performance conditions are met, then convert into common shares one-for-one.

What phantom stock positions related to PGC did Babcock report?

Babcock exercised certain vested phantom stock into the economic equivalent of common stock and, per the derivative summary, still holds phantom stock representing 12,418 underlying common shares. These awards follow vesting schedules and performance terms described in the footnotes.