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PEAPACK GLADSTONE FINANCIAL CORP·4

Apr 1, 3:22 PM ET

BABCOCK JOHN P 4

4 · PEAPACK GLADSTONE FINANCIAL CORP · Filed Apr 1, 2026

Research Summary

AI-generated summary of this filing

Updated

Peapack Gladstone (PGC) Exec John P. Babcock Receives 16,000 Awards

What Happened

  • John P. Babcock, Senior Executive Vice President and President of Private Wealth Management at Peapack Gladstone Financial Corp (PGC), was granted/acquired 16,000 derivative securities on February 11, 2026. The reported acquisition price is $0.00 (an award/grant), so there was no cash purchase. The filing classifies these as derivative awards rather than immediate common-stock purchases.

Key Details

  • Transaction date: February 11, 2026; Filing date (Form 4): April 1, 2026 (appears to be late vs. the typical 2-business-day reporting window).
  • Transaction type: A = Award/Grant of derivative securities; reported price: $0.00.
  • Shares owned after transaction: Not specified in the provided excerpt.
  • Notable footnotes:
    • F1: Holdings (or some awards) are held indirectly through a rabbi trust under a non‑qualified deferred compensation plan.
    • F10: Each performance right can convert to one share of PGC common stock if the company’s stock reaches a specified price (i.e., vesting is contingent on a share-price trigger).
    • Other footnotes list prior RSU and phantom-stock grants with various vesting schedules (grants from 2022–2026 with time- and performance-based vesting).
  • Filing timeliness: The Form 4 was filed well after the transaction date, which is outside the normal prompt-reporting window and is noted here as late.

Context

  • These awards are compensation/long‑term incentives (not open-market purchases or sales). Performance rights/phantom shares typically convert to actual shares only if vesting and/or price conditions are met; until then they are contingent and do not represent immediately tradeable stock.
  • Grants held in a rabbi trust indicate deferred compensation treatment (economic interest may be restricted).
  • Such grants are routine for executive compensation and do not by themselves indicate an insider buying or selling the company's stock. Late filing reduces transparency and may be of interest to investors tracking insider activity.

Insider Transaction Report

Form 4
Period: 2026-02-11
PEAPACK GLADSTONE FINANCIAL CORPPGC
BABCOCK JOHN P
SEVP & Pres of Priv Wealth Mgt
Transactions
  • Award

    Performance Rights

    [F10]
    2026-02-11+16,000→ 16,000 total
    Exp: 2028-12-31→ Common Stock (16,000 underlying)
Holdings

  • Common Stock

    50,582

  • Common Stock

    [F1]
    (indirect: By Trust)
    74,876

  • Common Stock

    (indirect: By 401(k))
    6,720

  • Restricted Stock Units

    [F2]
    → Common Stock (5,029 underlying)
    5,029

  • Restricted Stock Units

    [F3]
    → Common Stock (9,362 underlying)
    9,362

  • Restricted Stock Units

    [F4]
    → Common Stock (2,524 underlying)
    2,524

  • Restricted Stock Units

    [F5]
    → Common Stock (4,788 underlying)
    4,788

  • Restricted Stock Units

    [F6]
    → Common Stock (11,315 underlying)
    11,315

  • Restricted Stock Units

    [F7]
    → Common Stock (14,043 underlying)
    14,043

  • Phantom Stock

    [F8]
    → Common Stock (2,760 underlying)
    2,760

  • Phantom Stock

    [F9]
    → Common Stock (12,418 underlying)
    12,418
Footnotes (10)
  • [F1]Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
  • [F10]Each performance right represents a contingent right to receive one share of PGC common stock. The performance rights vest upon PGC's common stock achieving a specified price per share.
  • [F2]On March 20, 2025, the reporting person was granted 7,543 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.
  • [F3]On March 20, 2026, the reporting person was granted 9,362 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.
  • [F4]On March 20, 2022, the reporting person was granted 12,588 restricted stock units (RSUs), vesting in five equal annual installments beginning on March 20, 2023. Upon vesting, each RSU converts into one share of PGC common stock.
  • [F5]On March 20, 2023, the reporting person was granted 11,970 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.
  • [F6]On March 20, 2025, the reporting person was granted 11,315 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.
  • [F7]On March 20, 2026, the reporting person was granted 14,043 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.
  • [F8]On March 20, 2024, the reporting person was granted 8,278 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.
  • [F9]On March 20, 2024, the reporting person was granted 12,418 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.
Signature
John Babcock|2026-04-01

Documents

1 file
  • 4
    ownership.xmlPrimary

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