Vanguard disaggregates holdings; PGC (PGC) ownership shown as 0%
Rhea-AI Filing Summary
The Vanguard Group filed Amendment No. 1 to a Schedule 13G/A reporting 0% beneficial ownership of Peapack-Gladstone Financial Corp common stock. The amendment states that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries will report disaggregated holdings and that The Vanguard Group no longer is deemed to beneficially own securities held by those subsidiaries, in accordance with SEC Release No. 34-39538 (January 12, 1998). The filing lists 0 shares beneficially owned and 0 voting and dispositive powers.
Positive
- None.
Negative
- None.
Insights
Amendment records disaggregation; Vanguard reports zero beneficial ownership for PGC.
The amendment states 0 shares beneficially owned and 0% of the class as of the filing, with all voting and dispositive powers listed as 0. It attributes the change to an internal realignment and disaggregation of subsidiaries, citing SEC Release No. 34-39538 (January 12, 1998).
Practical implications depend on how subsidiaries report going forward; subsequent filings from Vanguard subsidiaries may show holdings. Cash‑flow treatment and specific subsidiary allocations are not disclosed in the excerpt.
FAQ
What does The Vanguard Group report for PGC ownership?
Why did Vanguard change its reporting for PGC?
Does this filing show subsidiaries still hold PGC shares?
Who signed the Schedule 13G/A amendment for Vanguard?
Is Vanguard reporting ownership above 5% for PGC?