What is the role of the rabbi trust in Bowser’s PGC share ownership?

The rabbi trust holds shares for Bowser under a non-qualified deferred compensation plan. The Form 4 notes that the 1,675 converted shares are held indirectly through this rabbi trust, contributing to a total indirect holding of 10,368.02 shares.

Peapack-Gladstone director exercises and receives RSUs

PEAPACK GLADSTONE FINANCIAL CORP director Carmen M. Bowser reported compensation-related equity activity.

Accepted by SEC EDGAR 03/23/2026 - 02:46 PM EDT

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Rhea-AI Filing Summary

PEAPACK GLADSTONE FINANCIAL CORP director Carmen M. Bowser reported compensation-related equity activity. On March 20, 2026, 1,675 restricted stock units granted on March 20, 2025 vested and were converted into 1,675 shares of common stock, held indirectly through a rabbi trust under a non-qualified deferred compensation plan. On the same date, Bowser also received a new grant of 1,491 restricted stock units, each scheduled to convert into one share of common stock after one year of vesting. Following these transactions, Bowser holds 10,368.02 shares of common stock indirectly via the rabbi trust and 3,617.80 shares directly. No open-market buys or sells were reported; all activity reflects RSU vesting and a new award.

Insider Trade Summary

1,675 shares exercised/converted

Exercise 3 txns

Insider Bowser Carmen M

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,675	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,491	$0.00	$0.00
Exercise	Common Stock	1,675	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,491 contracts (Direct); Common Stock — 10,368.02 shares (Indirect, Rabbi Trust); Common Stock — 3,617.8 shares (Direct)

Holdings Before and After: Restricted Stock Units, 1,675 to 1,491 contracts (Direct); Common Stock, 8,693.02 to 10,368.02 shares (Indirect, Rabbi Trust)

Footnotes (3)

F1. On March 20, 2025, the reporting person was granted 1,675 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.
F2. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F3. On March 20, 2026, the reporting person was granted 1,491 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.

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What did Carmen M. Bowser report in the latest PGC Form 4?

Carmen M. Bowser reported RSU vesting and a new equity grant, not open-market trading. 1,675 restricted stock units converted into common shares, and 1,491 new RSUs were granted as part of compensation arrangements.

How many restricted stock units did PGC director Bowser have vest and convert?

1,675 restricted stock units vested and converted into 1,675 shares of PEAPACK GLADSTONE FINANCIAL CORP common stock. These RSUs were originally granted on March 20, 2025 and vested on the one-year anniversary of that grant.

What new RSU award did Bowser receive from PEAPACK GLADSTONE FINANCIAL CORP?

On March 20, 2026, Bowser received a grant of 1,491 restricted stock units. According to the footnote, these RSUs will vest on the one-year anniversary of the grant, then convert into an equal number of common shares.

How many PGC shares does Bowser hold after these Form 4 transactions?

After the reported transactions, Bowser holds 10,368.02 shares of PEAPACK GLADSTONE FINANCIAL CORP common stock indirectly through a rabbi trust and 3,617.80 shares directly, as reflected in the post-transaction ownership figures.

Did Bowser buy or sell PGC shares on the open market in this Form 4?

No open-market purchases or sales were reported. The Form 4 shows an RSU vesting and conversion into shares, plus a new RSU grant, which are compensation-related events rather than discretionary market trades.

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Form 4 Insider Transactions: What Each Field Means →

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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^*

Bowser Carmen M

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								3,617.8	D
Common Stock	03/20/2026		M		1,675	A	⁽¹⁾	10,368.02	I	Rabbi Trust⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/20/2026		M			1,675	⁽¹⁾	⁽¹⁾	Common Stock	1,675	⁽¹⁾	0	D
Restricted Stock Units	⁽³⁾	03/20/2026		A		1,491		⁽³⁾	⁽³⁾	Common Stock	1,491	⁽³⁾	1,491	D

Explanation of Responses:

1. On March 20, 2025, the reporting person was granted 1,675 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.

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

3. On March 20, 2026, the reporting person was granted 1,491 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.

	Carmen Bowser	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)

Source: View Original Filing on SEC EDGAR