Peapack-Gladstone EVP sells 1,100 shares
Peapack-Gladstone Financial Corp executive Lisa Chalkan reported an open-market sale of company stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Peapack-Gladstone Financial Corp executive Lisa Chalkan reported an open-market sale of company stock. On June 29, 2026, the EVP and Chief Credit Officer sold 1,100 shares of common stock at $47.60 per share, leaving 26,075 common shares held directly.
She also reports indirect ownership of 501.42 common shares through a 401(k) plan, and holds various phantom stock and restricted stock unit awards tied to Peapack-Gladstone common stock, which are scheduled to vest over time or upon meeting performance conditions.
Insider Trade Summary
Net Seller: 1,100 shares
Net Sell
1 txn
Insider
Chalkan Lisa
Role
EVP, Chief Credit Officer
Sold
1,100 shs ($52K)
Share of Position Sold
4.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,100 | $47.60 | $52K |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Phantom Stock | -- | -- | -- |
| Holding | Phantom Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,075 shares (Direct);
Restricted Stock Units — 15,732 contracts (Direct);
Phantom Stock — 4,225 contracts (Direct);
Common Stock — 501.42 shares (Indirect, 401(k))
Holdings Before and After:
Common Stock, 27,175 to 26,075 shares (Direct)
Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (7)
- F1. On March 20, 2025, the reporting person was granted 4,899 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.
- F2. On March 20, 2026, the reporting person was granted 5,785 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.
- F3. On March 20, 2023, the reporting person was granted 7,800 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.
- F4. On March 20, 2025, the reporting person was granted 1,633 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.
- F5. On March 20, 2026, the reporting person was granted 1,928 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.
- F6. On March 20, 2024, the reporting person was granted 6,337 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.
- F7. On March 20, 2024, the reporting person was granted 2,112 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.
Key Figures
Shares sold: 1,100 shares
Sale price: $47.60 per share
Direct common shares after sale: 26,075 shares
+4 more
7 metrics
Shares sold
1,100 shares
Open-market sale of common stock on June 29, 2026
Sale price
$47.60 per share
Price for sold common stock on June 29, 2026
Direct common shares after sale
26,075 shares
Direct holdings following reported transaction
Indirect 401(k) holdings
501.42 shares
Common stock held indirectly through 401(k)
Phantom stock underlying shares
2,112 shares
Economic equivalent of common stock via phantom shares
Largest RSU position
5,785 underlying shares
Restricted stock units granted March 20, 2026
Performance-based RSUs (2025 grant)
1,633 underlying shares
Vest on third anniversary if conditions are met
Key Terms
Phantom Stock, Restricted Stock Units, 401(k), performance conditions, +1 more
5 terms
Phantom Stock financial
"On March 20, 2024, the reporting person was granted 6,337 phantom stock shares, vesting in three equal annual installments..."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Restricted Stock Units financial
"the reporting person was granted 4,899 restricted stock units (RSUs), vesting in three equal annual installments..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
401(k) financial
"Common Stock holding reported as indirect with nature of ownership listed as 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
performance conditions financial
"vesting on the third anniversary of the grant if certain performance conditions are met"
economic equivalent financial
"each phantom share is the economic equivalent of one share of common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PGC executive Lisa Chalkan report?
Lisa Chalkan reported an open-market sale of 1,100 shares of Peapack-Gladstone common stock at $47.60 per share. After this sale, she continued to hold 26,075 common shares directly, along with additional derivative and retirement-plan interests.
What indirect holdings in PGC stock does Lisa Chalkan report?
Lisa Chalkan reports indirect ownership of 501.42 shares of Peapack-Gladstone common stock through a 401(k) plan. These retirement-plan holdings are in addition to her directly owned common shares and her various equity-based awards.
What restricted stock units tied to PGC common stock does Lisa Chalkan hold?
The filing shows several restricted stock unit positions, including 5,785, 3,266, 3,120, 1,928, and 1,633 underlying common shares. Footnotes explain these RSUs were granted between 2023 and 2026, vesting annually or on the third anniversary, sometimes subject to performance conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
