Cavallaro Frank A. 4
4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Peapack Gladstone (PGC) CFO Frank Cavallaro Buys Stock $101K
What Happened
Frank A. Cavallaro, Chief Financial Officer of Peapack Gladstone Financial Corp. (PGC), reported an open-market purchase of 2,889.842 shares on 2026-03-31 at $34.95 per share, a transaction valued at approximately $101,000. This was a straightforward purchase (transaction code P), not a sale or option exercise.
Key Details
- Transaction date and price: 2026-03-31 — 2,889.842 shares at $34.95 each (total ≈ $101,000).
- Filing date: 2026-04-01 (Form 4 accession 0001193125-26-136891) — appears to have been filed timely.
- Shares owned after transaction: Not specified in the provided excerpt.
- Transaction type/code: Open-market purchase (P).
- Notable footnotes (grants and vesting):
- F1: 4,999 RSUs granted 3/20/2025, vest in three equal annual installments beginning 3/20/2026; each RSU converts to one share upon vesting.
- F2: 7,408 RSUs granted 3/20/2026, vest in three equal annual installments beginning 3/20/2027.
- F3: 7,499 RSUs granted 3/20/2025, performance-based vest on the third anniversary if targets met.
- F4: 11,113 RSUs granted 3/20/2026, performance-based vest on the third anniversary if targets met.
- F5: 4,389 phantom stock shares granted 3/20/2024, vest in three equal annual installments beginning 3/20/2025; each is economically equivalent to one share upon vesting.
- F6: 6,584 phantom stock shares granted 3/20/2024, performance-based vest on the third anniversary if targets met.
- No indication in the filing excerpt of a 10b5-1 plan, tax-withholding sale, or cashless exercise.
Context
Insider purchases are often considered more informative than sales because they represent executives adding to holdings, but they do not by themselves prove confidence or future performance. The footnotes show Cavallaro also holds multiple RSU and phantom-stock awards with time- and performance-based vesting schedules; those awards convert to shares or cash equivalents only if/when they vest under the stated conditions.
Insider Transaction Report
- Purchase
Common Stock
2026-03-31$34.95/sh+2,889.842$101,000→ 14,713.842 total
- 3,333
Restricted Stock Units
[F1]→ Common Stock (3,333 underlying) - 7,408
Restricted Stock Units
[F2]→ Common Stock (7,408 underlying) - 7,499
Restricted Stock Units
[F3]→ Common Stock (7,499 underlying) - 11,113
Restricted Stock Units
[F4]→ Common Stock (11,113 underlying) - 1,463
Phantom Stock
[F5]→ Common Stock (1,463 underlying) - 6,584
Phantom Stock
[F6]→ Common Stock (6,584 underlying)
Footnotes (6)
- [F1]On March 20, 2025, the reporting person was granted 4,999 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.
- [F2]On March 20, 2026, the reporting person was granted 7,408 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.
- [F3]On March 20, 2025, the reporting person was granted 7,499 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.
- [F4]On March 20, 2026, the reporting person was granted 11,113 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.
- [F5]On March 20, 2024, the reporting person was granted 4,389 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.
- [F6]On March 20, 2024, the reporting person was granted 6,584 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.