Chalkan Lisa 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Peapack Gladstone (PGC) EVP Lisa Chalkan Exercises Awards, Receives RSUs
What Happened
- Lisa Chalkan, EVP and Chief Credit Officer of Peapack Gladstone Financial Corp. (PGC), had multiple derivative awards convert/vest on March 20, 2026 and received new restricted stock unit (RSU) grants the same day. The filing shows 4,988 shares acquired through conversion/vesting of awards and 1,415 shares were withheld to satisfy tax withholding (codes F) for total withholding proceeds of $46,950. Separately, she was granted 5,785 time-vesting RSUs and 1,928 performance RSUs on March 20, 2026 (total new RSUs = 7,713).
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (appears filed after the 2-business-day window).
- Tax-withholding: 1,415 shares withheld at $33.18 per share, totaling $46,950 (three F-code disposals: 509, 443, 463 shares).
- Conversions/acquisitions: 1,795 + 1,560 + 1,633 = 4,988 shares acquired via exercise/conversion of vested derivatives (M-code).
- New awards: 5,785 RSUs vesting in three equal annual installments beginning March 20, 2027 (F8); 1,928 performance RSUs vesting on the third anniversary if performance conditions are met (F9).
- Shares owned after the transactions: not specified in the provided excerpt.
- Footnotes of note: F1/F3/F4/F6/F7 describe prior grants and vesting schedules; F2 confirms shares were withheld to satisfy tax obligations.
Context
- These were not open-market purchases or sales by Chalkan but internal award conversions and grant activity. The conversions plus immediate tax withholding are a routine tax-settlement outcome when RSUs/phantom shares vest (code M = exercise/conversion; F = tax withholding).
- The new RSUs are time- and performance-based awards that vest in future periods and do not represent an immediate purchase signal.
- The filing date (Mar 24) is later than the transaction date (Mar 20); retail investors should be aware this Form 4 appears to have been filed after the typical 2-business-day window.
Insider Transaction Report
Form 4
Chalkan Lisa
EVP, Chief Credit Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-20+1,795→ 25,397 total - Tax Payment
Common Stock
[F2]2026-03-20$33.18/sh−509$16,889→ 24,888 total - Exercise/Conversion
Common Stock
[F3]2026-03-20+1,560→ 26,448 total - Tax Payment
Common Stock
[F2]2026-03-20$33.18/sh−443$14,699→ 26,005 total - Exercise/Conversion
Common Stock
[F4]2026-03-20+1,633→ 27,638 total - Tax Payment
Common Stock
[F2]2026-03-20$33.18/sh−463$15,362→ 27,175 total - Exercise/Conversion
Restricted Stock Units
[F4]2026-03-20−1,633→ 3,266 total→ Common Stock (1,633 underlying) - Award
Restricted Stock Units
[F8]2026-03-20+5,785→ 5,785 total→ Common Stock (5,785 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-03-20−1,560→ 3,120 total→ Common Stock (1,560 underlying) - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-20−1,795→ 0 total→ Common Stock (1,795 underlying) - Award
Restricted Stock Units
[F9]2026-03-20+1,928→ 1,928 total→ Common Stock (1,928 underlying) - Exercise/Conversion
Phantom Stock
[F7]2026-03-20−2,112→ 2,113 total→ Common Stock (2,112 underlying) - Exercise/Conversion
Phantom Stock
[F6]2026-03-20−326→ 0 total→ Common Stock (326 underlying)
Holdings
- 2,112
Phantom Stock
[F11]→ Common Stock (2,112 underlying) - 501.42(indirect: By 401(k))
Common Stock
[F5] - 1,633
Restricted Stock Units
[F10]→ Common Stock (1,633 underlying)
Footnotes (11)
- [F1]On March 20, 2023, the reporting person was granted 2,600 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock. 1,795 restricted stock units vested.
- [F10]On March 20, 2025, the reporting person was granted 1,633 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock.
- [F11]On March 20, 2024, the reporting person was granted 2,112 phantom stock shares, vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- [F2]Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- [F3]On March 20, 2023, the reporting person was granted 7,800 restricted stock units (RSUs), vesting in five equal annual installments beginning on March 20, 2024. Upon vesting, each RSU converts into one share of PGC common stock.
- [F4]On March 20, 2025, the reporting person was granted 4,899 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2026. Upon vesting, each RSU converts into one share of PGC common stock.
- [F5]Includes shares received through dividend reinvestment since the last filing.
- [F6]On March 20, 2021, the reporting person was granted 1,614 phantom stock shares, vesting in five equal annual installments beginning on March 20, 2022. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- [F7]On March 20, 2024, the reporting person was granted 6,337 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2025. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
- [F8]On March 20, 2026, the reporting person was granted 5,785 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2027. Upon vesting, each RSU converts into one share of PGC common stock.
- [F9]On March 20, 2026, the reporting person was granted 1,928 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock.
Signature
Lisa Chalkan|2026-03-24