Form 4: Director Spinelli Buys PGC Stock

Director Anthony W. Spinelli of Peapack Gladstone Financial Corp. acquired 2,000 shares of common stock.

Summary

• Director Anthony W. Spinelli of Peapack Gladstone Financial Corp. (PGC) acquired 2,000 shares of common stock on June 8, 2026, for $44.63 per share.
• Following this transaction, Spinelli beneficially owns 11,742 shares of PGC common stock directly.
• Additionally, Spinelli was granted 2,034 restricted stock units (RSUs) on March 20, 2026, which vest one year after the grant date and convert into one share of common stock each upon vesting.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to a director's stock purchase, which can indicate confidence, but it does not represent a significant strategic or financial event for the company.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• The acquisition of 2,000 shares by a director indicates a direct investment in the company's equity.

Future Outlook

The filing does not contain forward-looking statements or guidance. The grant of RSUs implies future potential share issuance upon vesting.

Industry Context

StockSavvy.ai notes that director stock purchases, as reported in Form 4 filings, are common within the financial services sector and can be interpreted by the market as a positive signal of management's belief in the company's valuation and future performance.

Stakeholder Impact

• Shareholders may view the director's purchase positively, interpreting it as a sign of confidence in the company's future performance and value.
• Employees may see this as a positive indicator of leadership's commitment to the company.

Next Steps

• Vesting of 2,034 restricted stock units on the one-year anniversary of the grant date (March 20, 2027).

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Peapack Gladstone Financial Corp, PGC, Director Transaction, Stock Acquisition, Restricted Stock Units