BABCOCK JOHN P 4

What Happened
John P. Babcock, Senior Executive Vice President and President of Private Wealth Management at Peapack Gladstone Financial Corp (PGC), sold 5,000 shares in an open-market transaction on June 29, 2026. The shares were sold at $47.11 per share for gross proceeds of $235,532. This was a sale (not a purchase or option exercise), which is generally a routine disposition rather than an indication of company outlook.

Key Details

• Transaction date and price: June 29, 2026 — 5,000 shares sold at $47.11 per share.
• Total value: $235,532 (gross proceeds).
• Transaction type/method: Open-market sale (transaction code S).
• Filing date / timeliness: Report filed June 30, 2026 (timely filing).
• Shares owned after transaction: Not specified in the excerpt provided.
• Notable footnotes in the filing:
  • F1 — Some holdings are held indirectly through a rabbi trust (non-qualified deferred comp).
  • F2–F9 — Multiple outstanding restricted stock units (RSUs) and phantom stock awards with various grant dates and vesting schedules.
  • F6–F7, F9 — Some RSUs/phantom shares vest only if performance conditions are met.
  • F10 — Performance rights that convert to shares if PGC stock reaches specified prices.

Context
Sales by executives can be routine (to diversify, cover taxes, or for personal reasons) and don't by themselves indicate company performance. This filing also shows the insider has multiple unvested equity awards (RSUs, phantom shares, performance rights) with staggered and performance-based vesting, which can align his compensation with long-term company performance.