Form 4: Peapack-Gladstone EVP Sells PGC Common Stock

Peapack-Gladstone Financial Corp's EVP & Chief Risk Officer, Maureen Hemhauser, reported the sale of 5,272 shares of common stock.

Summary

• Maureen Hemhauser, Executive Vice President and Chief Risk Officer of Peapack-Gladstone Financial Corp (PGC), reported the sale of 5,272 shares of common stock.
• The transaction occurred on February 9, 2026, at a price of $35.585 per share.
• Following the reported transaction, Hemhauser directly holds 0 shares of common stock.
• Indirectly, she beneficially owns 7,876 shares through a Rabbi Trust and 455.46 shares through a 401(k) plan.
• Hemhauser also holds various derivative securities, including 4,197 Restricted Stock Units vesting in three installments, 4,488 Restricted Stock Units vesting in five installments, and 4,549 performance-based Restricted Stock Units cliff vesting after three years.
• Additionally, she holds 2,853 Phantom Stock units vesting in three installments, 660 Phantom Stock units vesting in five installments, and 1,426 performance-based Phantom Stock units cliff vesting after three years.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative signal due to the insider sale, though the executive retains significant indirect and derivative holdings, mitigating a strong negative interpretation.

Negatives

• The EVP & Chief Risk Officer sold 5,272 shares of common stock, which can be interpreted as a slight negative signal by some investors.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales are a routine disclosure for executives managing personal portfolios, and this filing does not provide broader industry context beyond the specific transaction.

Stakeholder Impact

• Shareholders may interpret the insider sale as a slight negative signal, though the overall impact is likely minimal given the context of executive compensation and personal financial planning.

Next Steps

• Vesting of 4,197 Restricted Stock Units in three approximately equal installments on each of the first three anniversaries of their grant date.
• Vesting of 4,488 Restricted Stock Units in five approximately equal installments on each of the first five anniversaries of their grant date.
• Cliff vesting of 4,549 performance-based Restricted Stock Units on the third anniversary of their grant date, subject to certain performance conditions.
• Vesting of 2,853 Phantom Stock units in three approximately equal installments on each of the first three anniversaries of their grant date.
• Vesting of 660 Phantom Stock units in five approximately equal installments on each of the first five anniversaries of their grant date.
• Cliff vesting of 1,426 performance-based Phantom Stock units on the third anniversary of their grant date, subject to certain performance conditions.

Key Dates

Recommendation

While an insider sale occurred, it represents a routine disclosure and does not fundamentally alter the investment thesis for Peapack-Gladstone Financial Corp. The executive retains significant indirect and derivative holdings, suggesting continued alignment with company performance, thus a 'hold' recommendation is appropriate.

Keywords

PEAPACK GLADSTONE FINANCIAL CORP, PGC, Form 4, Insider Trading, Stock Sale, Maureen Hemhauser, EVP & Chief Risk Officer, Restricted Stock Units, Phantom Stock