Chalkan Lisa 4

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.