Hemhauser Maureen 4

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.