Bowser Carmen M 4

What Happened Carmen M. Bowser, a director of Peapack Gladstone Financial Corp (PGC), had 1,675 restricted stock units (RSUs) vest and convert into common shares on March 20, 2026, and on the same date received a grant of 1,491 new RSUs. No cash purchase or open-market sale was reported; the conversion and grant are non-market compensation events. No dollar prices or total values are reported for these RSU transactions.

Key Details

• Transaction dates: March 20, 2026 (conversion/vesting and new grant); Form 4 filed March 23, 2026 (timely filing).
• Converted RSUs: 1,675 RSUs vested and converted into shares (reported as exercise/conversion of derivative, code M).
• New grant: 1,491 RSUs granted on March 20, 2026 (reported as award/grant, code A); these RSUs vest one year from grant per the filing.
• Price/value: N/A — RSU conversions and grants typically show no per-share purchase price on Form 4.
• Holdings after transaction: The filing does not specify the total number of shares or RSUs owned after these transactions.
• Footnotes: F1 notes the 1,675 RSUs were granted on March 20, 2025 and vested one year later (converted on 3/20/2026). F2 indicates holdings are held indirectly through a rabbi trust under a non‑qualified deferred compensation plan. F3 documents the new 1,491 RSU grant vests one year after 3/20/2026.

Context These entries reflect compensation-related vesting and a new RSU award, not an open-market buy or sale. The conversion of RSUs into shares is a standard vesting event; the filing indicates the converted shares are (or were) held indirectly via a rabbi trust per the footnote. Such awards are routine executive compensation and do not by themselves signal a buy or sell decision in the public market.