Wellington discloses 3.8% Peapack-Gladstone (PGC) ownership stake
Rhea-AI Filing Summary
Wellington Management Group LLP and affiliates filed an amended Schedule 13G reporting beneficial ownership of 674,003 shares of Peapack-Gladstone Financial Corporation common stock, representing 3.8% of the class as of the event date 12/31/2025.
The filing shows no sole voting or dispositive power, with 542,910 shares subject to shared voting power and 674,003 shares subject to shared dispositive power. The shares are owned of record by clients of Wellington Investment Advisers, and Wellington certifies they are held in the ordinary course of business, not to change or influence control of Peapack-Gladstone.
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FAQ
What stake does Wellington hold in Peapack-Gladstone Financial (PGC)?
Wellington reports beneficial ownership of 674,003 PGC shares, or 3.8% of the common stock. These shares are held for clients of Wellington Investment Advisers, with shared voting and dispositive power, and reflect ownership of 5 percent or less of the class as disclosed.
Who are the reporting persons in the Peapack-Gladstone (PGC) Schedule 13G/A?
The reporting persons are Wellington Management Group LLP, Wellington Group Holdings LLP, and Wellington Investment Advisors Holdings LLP. They are organized in Massachusetts and Delaware and report indirect beneficial ownership through investment adviser subsidiaries managing client accounts that hold PGC shares.
Is Wellington seeking to influence control of Peapack-Gladstone (PGC)?
Wellington certifies the PGC shares were acquired and are held in the ordinary course of business. The filing states they were not acquired and are not held to change or influence control of Peapack-Gladstone, other than limited activities related to nomination under Rule 240.14a-11.
What is the event date for Wellington’s Peapack-Gladstone (PGC) ownership report?
The relevant event date for this Schedule 13G/A is December 31, 2025. As of that date, Wellington and its related entities reported beneficial ownership of 674,003 shares of Peapack-Gladstone Financial Corporation common stock, representing 3.8 percent of the outstanding class.