PGC (PGC) CFO adds shares via award exercises and new RSU grants

Rhea-AI Filing Summary

Peapack-Gladstone Financial Corp executive Frank A. Cavallaro reported multiple stock-based compensation transactions. On March 20, 2026, he exercised derivative awards to acquire 1,615 and 1,666 shares of common stock from restricted stock units and 1,463 shares from phantom stock, for a total of 4,744 shares acquired through exercises at an exercise price of $0.00 per share.

On the same date, he received grants of 7,408 time-based restricted stock units and 11,113 performance-based restricted stock units, each convertible into one share of common stock upon vesting. Following these transactions, he directly held 11,824 shares of common stock. He also retained unvested derivative positions representing 7,499 underlying common shares from restricted stock units and 6,584 underlying common-share equivalents from phantom stock awards. The filing shows only awards, vesting, and conversions, with no open-market purchases or sales.

Insider Trade Summary

4,744 shares exercised/converted

Mixed 9 txns

Insider Cavallaro Frank A.

Role SEVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,615	$0.00	--
Exercise	Restricted Stock Units	1,666	$0.00	--
Grant/Award	Restricted Stock Units	7,408	$0.00	--
Grant/Award	Restricted Stock Units	11,113	$0.00	--
Exercise	Phantom Stock	1,463	$0.00	--
Exercise	Common Stock	1,615	$0.00	--
Exercise	Common Stock	1,666	$0.00	--
holding	Restricted Stock Units	--	--	--
holding	Phantom Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Phantom Stock — 1,463 shares (Direct); Common Stock — 10,158 shares (Direct)

Footnotes (1)

1. On March 20, 2023, the reporting person was granted 4,844 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2024. Upon vesting, each RSU converts into one share of PGC common stock. On March 20, 2025, the reporting person was granted 4,999 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. On March 20, 2026, the reporting person was granted 7,408 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. On March 20, 2025, the reporting person was granted 7,499 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. On March 20, 2026, the reporting person was granted 11,113 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. On March 20, 2024, the reporting person was granted 4,389 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. On March 20, 2024, the reporting person was granted 6,584 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.

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).

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^*

Cavallaro Frank A.

(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 & Chief Financial Officer

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		1,615	A	(1)	10,158	D
Common Stock	03/20/2026		M		1,666	A	(2)	11,824	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			1,615	(1)	(1)	Common Stock	1,615	(1)	0	D
Restricted Stock Units	(2)	03/20/2026		M			1,666	(2)	(2)	Common Stock	1,666	(2)	3,333	D
Restricted Stock Units	(3)	03/20/2026		A		7,408		(3)	(3)	Common Stock	7,408	(3)	7,408	D
Restricted Stock Units	(4)							(4)	(4)	Common Stock	7,499		7,499	D
Restricted Stock Units	(5)	03/20/2026		A		11,113		(5)	(5)	Common Stock	11,113	(5)	11,113	D
Phantom Stock	(6)	03/20/2026		M			1,463	(6)	(6)	Common Stock	1,463	(6)	1,463	D
Phantom Stock	(7)							(7)	(7)	Common Stock	6,584		6,584	D

Explanation of Responses:

1. On March 20, 2023, the reporting person was granted 4,844 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2024. Upon vesting, each RSU converts into one share of PGC common stock.

2. On March 20, 2025, the reporting person was granted 4,999 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.

3. On March 20, 2026, the reporting person was granted 7,408 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.

4. On March 20, 2025, the reporting person was granted 7,499 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.

5. On March 20, 2026, the reporting person was granted 11,113 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.

6. On March 20, 2024, the reporting person was granted 4,389 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.

7. On March 20, 2024, the reporting person was granted 6,584 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.

	Frank A. Cavallaro	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 PGC executive Frank A. Cavallaro report?

Frank A. Cavallaro reported stock-based compensation activity, including exercising restricted stock units and phantom stock into common shares and receiving new restricted stock unit grants. The transactions reflect vesting and awards rather than open-market buying or selling of Peapack-Gladstone Financial Corp stock.

How many Peapack-Gladstone (PGC) shares did the CFO acquire through exercises?

Cavallaro acquired 4,744 common shares through derivative exercises: 1,615 and 1,666 shares from restricted stock units and 1,463 shares from phantom stock. All exercises occurred on March 20, 2026 at an exercise price of $0.00 per share, reflecting equity compensation vesting.

What new restricted stock unit awards did PGC grant to its CFO?

On March 20, 2026, Cavallaro received 7,408 restricted stock units vesting in three equal annual installments beginning March 20, 2027, and 11,113 performance-based restricted stock units vesting on the third anniversary if specified performance conditions are met. Each unit converts into one share of PGC common stock upon vesting.

How many PGC common shares does the CFO hold after these transactions?

After the reported transactions, Cavallaro directly held 11,824 shares of Peapack-Gladstone common stock. This total reflects the additional shares received from exercising vested restricted stock units and phantom stock awards as described in the Form 4 filing for March 20, 2026.

What unvested equity awards remain for the PGC CFO after the Form 4?

After these transactions, Cavallaro retained unvested derivative awards linked to 7,499 underlying common shares from restricted stock units and 6,584 underlying common-share equivalents from phantom stock. These awards vest over time or upon meeting performance conditions, as outlined in the footnotes to the filing.

Were any open-market purchases or sales of PGC stock reported in this Form 4?

No open-market purchases or sales were reported. All transactions involved exercises or conversions of existing equity awards and new restricted stock unit grants, with no trades marked as open-market buys or sells in the transaction codes or descriptions for March 20, 2026.