Cavallaro Frank A. 4

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.