Form 4: Peapack-Gladstone Director Sells PGC Shares

Peapack-Gladstone Financial Corp. Director Edward A. Gramigna Jr. reported a sale of 2 common shares under a Rule 10b5-1 plan.

Summary

• Edward A. Gramigna Jr., a Director of Peapack-Gladstone Financial Corp. (PGC), reported a transaction.
• The transaction involved the sale of 2 shares of common stock at a price of $28.22 per share.
• The sale was executed on September 29, 2025, and was made pursuant to a Rule 10b5-1 plan.
• Following the transaction, Mr. Gramigna directly beneficially owns 8,334.0751 shares of common stock.
• He also indirectly holds 17,836 shares through a Rabbi Trust as part of a non-qualified deferred compensation plan.
• Additionally, Mr. Gramigna holds 2,419 Restricted Stock Units, each representing a contingent right to receive one share of common stock, which vest and settle in stock on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The transaction involves a very small number of shares (2) and was conducted under a Rule 10b5-1 plan, suggesting a pre-scheduled, non-discretionary sale. This makes the sentiment neutral, as it's unlikely to reflect a significant change in the director's outlook or the company's prospects.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-arranged and automated sale, which can mitigate concerns about opportunistic insider trading.

Negatives

• A director selling shares, even a small amount, could be perceived as a slight negative signal, though the quantity is negligible.

Future Outlook

No forward-looking statements or guidance provided in this Form 4 filing.

Industry Context

This filing reports an individual insider transaction and does not provide information related to broader industry trends or competitors.

Related Party Transactions

• Indirect beneficial ownership of 17,836 shares is held through a Rabbi Trust, which is part of a non-qualified deferred compensation plan.

Stakeholder Impact

• The sale of 2 shares by a director is a de minimis transaction and is highly unlikely to have any material impact on shareholders, employees, customers, suppliers, or creditors.

Next Steps

• Restricted Stock Units are scheduled to vest and settle in stock on the first anniversary of their grant date.

Key Dates

Keywords

PGC, Peapack-Gladstone Financial, Form 4, insider transaction, director, stock sale, common stock, Rule 10b5-1, beneficial ownership, restricted stock units