PLANTE ROBERT A. 4

What Happened

• Robert A. Plante, COO 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.
• Reported conversions/exercises (acquisitions) include: 1,047; 1,140; 1,084; and 5,616 shares (totaling 8,887 shares reported as converted). Several disposals of derivative shares were also reported (1,047; 1,140; 1,084; 5,616; 1,084; 859 — disposals reported as “Derivative”), which typically reflect shares surrendered or net-settled to cover taxes or settlement obligations rather than open-market sales.
• New grants on March 20, 2026: 4,157 RSUs (vesting in three equal annual installments beginning 3/20/2027) and 6,236 performance-based RSUs (vesting on the third anniversary if performance conditions are met) — total new RSUs = 10,393. All reported prices are N/A (these were awards/conversions, not open-market trades).

Key Details

• Transaction date: March 20, 2026. Form 4 filed March 24, 2026 (timely filing).
• Reported conversions/exercises acquired: 1,047; 1,140; 1,084; 5,616 (8,887 total). Reported derivative disposals: 1,047; 1,140; 1,084; 5,616; 1,084; 859 (total reported disposals = 10,830). All entries show price as N/A.
• Shares owned after transaction: not specified in the provided summary (Form 4 contains post-transaction holdings but they were not supplied here).
• Notable footnotes:
  • F5: 5,616 restricted stock units vested (from a 3/20/2023 grant).
  • F6 & F8: New RSU grants on 3/20/2026 — 4,157 RSUs (time-based) and 6,236 RSUs (performance-based).
  • Other footnotes (F1–F4, F7–F11) reference earlier RSU or phantom stock grants and that some awards are held indirectly (rabbi trust) or are performance/vesting conditioned.
• Filing timeliness: Form filed within the SEC’s required window (filed 3/24/2026 for 3/20/2026 transactions).

Context

• These transactions are largely vesting/conversion events and new grants — not open-market buys or sales. “Exercise/conversion” entries and the disposals labeled “Derivative” usually indicate shares were converted from awards and some were immediately surrendered or withheld to satisfy tax withholding or settlement requirements (a routine administrative step).
• Grants (RSUs) do not represent immediate cash purchases or market sentiment; they are compensation that may vest over time or upon performance.
• No explicit 10b5-1 sale plan or open-market sale is indicated in the reported items.