Peapack-Gladstone (PGC) director Steven Kass exercises RSUs and receives new award
Rhea-AI Filing Summary
PEAPACK GLADSTONE FINANCIAL CORP director Steven A. Kass reported equity compensation activity, including an RSU vesting and a new grant. On March 20, 2026, he exercised 2,978 restricted stock units, which converted into 2,978 shares of common stock at $0.00 per share, reflecting a prior RSU grant that vested after one year.
On the same date, Kass received a new award of 2,652 restricted stock units that will each convert into one share of common stock upon vesting after one year. Following these transactions, he holds 16,238 common shares indirectly through a rabbi trust, 3,595 shares directly, 2,500 shares indirectly through a family partnership, and 1,000 shares indirectly through his spouse. These are compensation and holding updates rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,978 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,652 | $0.00 | -- |
| Exercise | Common Stock | 2,978 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On March 20, 2025, the reporting person was granted 2,978 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. Includes shares received through dividend reinvestment since the last filing. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan. On March 20, 2026, the reporting person was granted 2,652 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.
