Hemhauser Maureen 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Peapack Gladstone (PGC) EVP Maureen Hemhauser Sells Shares
What Happened
Maureen Hemhauser, EVP & Chief Risk Officer of Peapack Gladstone Financial Corp (PGC), sold 5,272 shares in an open-market sale on February 9, 2026 at $35.59 per share, generating proceeds of about $187,604. This was a sale (code S) rather than a purchase or option exercise; sales by officers are often routine and do not necessarily signal a change in company outlook.
Key Details
- Transaction date and price: 2026-02-09, 5,272 shares at $35.59 each.
- Total proceeds: approximately $187,604.
- Transaction type: Open-market sale (SEC code S).
- Shares owned after the transaction: Not specified in the supplied filing.
- Footnotes in the filing: include F1 (some holdings may be held indirectly through a rabbi trust) and several notes (F3–F12) describing restricted/phantom stock and vesting schedules for awards; these refer to the nature of certain equity awards rather than this specific cash sale.
- Timeliness: Report filed on 2026-02-10 for a 2026-02-09 transaction — within the typical Form 4 reporting window (timely).
Context
This transaction is a straightforward sale of common stock by a company officer. There is no indication in the filing of option exercise, gift, or a 10% owner transaction. For retail investors, note that insider sales can be routine (for liquidity, tax, or diversification reasons); buys are generally more informative about insider sentiment.
Insider Transaction Report
- Sale
Common Stock
2026-02-09$35.59/sh−5,272$187,604→ 0 total
- 7,876(indirect: By Trust)
Common Stock
[F1] - 455.46(indirect: By 401(k))
Common Stock
[F2] - 4,197
Restricted Stock Units
[F3][F4]→ Common Stock (4,197 underlying) - 4,488
Restricted Stock Units
[F3][F5]→ Common Stock (4,488 underlying) - 4,549
Restricted Stock Units
[F6][F7]→ Common Stock (4,549 underlying) - 2,853
Phantom Stock
[F8][F9]→ Common Stock (2,853 underlying) - 660
Phantom Stock
[F8][F10]→ Common Stock (660 underlying) - 1,426
Phantom Stock
[F11][F12]→ Common Stock (1,426 underlying)
Footnotes (12)
- [F1]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- [F10]The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
- [F11]Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met.
- [F12]The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
- [F2]Includes 401(k) contributions used to purchase PGC stock.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- [F4]The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
- [F5]The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.
- [F6]Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
- [F7]The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.
- [F8]Each share of phantom stock is the economic equivalent of one share of common stock.
- [F9]The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.