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PEAPACK GLADSTONE FINANCIAL CORP·4

Mar 23, 2:44 PM ET

DAINGERFIELD RICHARD 4

Research Summary

AI-generated summary

Updated

Peapack Gladstone (PGC) Director Richard Daingerfield Receives RSU Award

What Happened

  • Richard Daingerfield, a director of Peapack Gladstone Financial Corp. (PGC), had two related derivative transactions and received a new RSU award on March 20, 2026. Specifically, 2,605 previously granted restricted stock units (RSUs) vested and converted into shares (recorded as a derivative exercise/conversion) and those converted shares were then disposed. At the same time he was granted 2,320 new RSUs (an award) that vest one year from the grant date and convert one-for-one into common shares upon vesting.
  • No per-share prices or total dollar amounts are reported for these events in the filing (prices shown as N/A), which is typical when RSUs convert or when shares are transferred into a trust or sold via plan mechanics.

Key Details

  • Transaction date: March 20, 2026 (filed on Form 4 dated March 23, 2026 — filing appears timely).
  • Conversions/Dispositions: 2,605 RSUs converted to shares (derivative exercise/conversion, coded M) and those shares were disposed (derivative disposition).
  • Grant/Award: 2,320 RSUs granted (coded A); these RSUs vest on March 20, 2027 and convert 1:1 to common stock upon vesting (see footnote F4).
  • Footnotes of note:
    • F1: The 2,605 RSUs were originally granted on March 20, 2025 and vested on the one-year anniversary (converted on 3/20/26).
    • F2/F3: The filing notes dividend reinvestment since the last filing and that some holdings are held indirectly through a rabbi trust under a non‑qualified deferred compensation plan.
  • Total shares owned after the transactions are not specified in the provided summary of this filing.

Context

  • The 2,605-share activity represents a vesting/conversion of previously granted RSUs followed by a disposition of the resulting shares (often routine tax or plan‑related activity rather than a directional trade signal). The 2,320‑RSU grant is a forward-looking award that does not immediately transfer voting shares or cash until it vests.
  • No indication of a 10b5-1 plan, gift, or unusual filing delay is provided in the summarized data.