PGC risk chief sells 5,272 Peapack-Gladstone shares
Peapack-Gladstone Financial Corporation EVP & Chief Risk Officer Maureen Hemhauser reported a sale of company stock.
Rhea-AI Filing Summary
Peapack-Gladstone Financial Corporation EVP & Chief Risk Officer Maureen Hemhauser reported a sale of company stock. On February 9, 2026, she sold 5,272 shares of Peapack-Gladstone common stock at $35.585 per share, reducing her directly held common stock to zero.
She continues to have indirect ownership of common shares through a rabbi trust and a 401(k) plan, and also holds several blocks of restricted stock units and phantom stock, each generally tied one-for-one to Peapack-Gladstone common stock and subject to multi-year vesting and, in some cases, performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,272 shares
Net Sell
9 txns
Insider
Hemhauser Maureen
Role
EVP & Chief Risk Officer
Sold
5,272 shs ($188K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,272 | $35.585 | $188K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Restricted Stock Units — 13,234 contracts (Direct);
Phantom Stock — 4,939 contracts (Direct);
Common Stock — 7,876 shares (Indirect, Rabbi Trust);
Common Stock — 455.46 shares (Indirect, 401(k))
Footnotes (12)
- F1. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- F2. Includes 401(k) contributions used to purchase PGC stock.
- F3. Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- F4. 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.
- F5. 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.
- F6. Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
- F7. The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
- F8. Each share of phantom stock is the economic equivalent of one share of common stock.
- F9. The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
- F10. The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
- F11. 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.
- F12. The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PGC executive Maureen Hemhauser report?
Maureen Hemhauser reported selling 5,272 shares of Peapack-Gladstone common stock. The sale occurred on February 9, 2026 at a price of $35.585 per share, leaving her with no directly held common shares but ongoing indirect and equity-award interests.
What is Maureen Hemhauser’s role at Peapack-Gladstone Financial (PGC)?
Maureen Hemhauser serves as Executive Vice President and Chief Risk Officer of Peapack-Gladstone Financial Corporation. This senior leadership role includes oversight of the company’s risk management framework, and she is required to report transactions in PGC securities on Form 4 as an officer.
What indirect Peapack-Gladstone (PGC) holdings does Hemhauser report?
Hemhauser reports indirect ownership of PGC common stock through a rabbi trust under a non-qualified deferred compensation plan and through a 401(k) account. The rabbi trust and 401(k) positions reflect stock-related retirement and deferral arrangements rather than directly held trading shares.
What restricted stock units does the PGC Form 4 show for Hemhauser?
The filing lists several restricted stock unit blocks, each representing the right to receive one share of Peapack-Gladstone common stock. These awards generally vest over three or five years, sometimes cliff vesting after three years, and some grants depend on specified performance conditions being satisfied.
How is phantom stock used in Maureen Hemhauser’s PGC compensation?
Hemhauser holds multiple phantom stock awards, each economically equivalent to one PGC common share. These units vest over multi-year schedules, either in installments or via cliff vesting after three years, often contingent on performance conditions, and are designed to mirror the value of PGC stock without issuing actual shares immediately.
AI-generated analysis. How Rhea-AI works. Not financial advice.
