Form 4: Peapack Gladstone Financial Corp: Executive Stock Transaction

John P. Babcock, SEVP & Pres of Priv Wealth Mgt at Peapack Gladstone Financial Corp, reported a stock transaction on June 29, 2026.

Summary

• John P. Babcock, an executive officer and President of Private Wealth Management at Peapack Gladstone Financial Corp (PGC), reported a transaction involving the purchase of 5,000 shares of common stock on June 29, 2026, at a price of $47.1065 per share.
• Following this transaction, Mr. Babcock beneficially owns 45,582 shares of common stock directly.
• Additionally, he holds 74,876 shares indirectly through a rabbi trust, 6,720 shares through a 401(k) plan, and various amounts through restricted stock units (RSUs) and phantom stock awards granted between 2022 and 2026.
• These RSUs and phantom stock awards have different vesting schedules and performance conditions, with some converting directly into common stock upon vesting and others being economically equivalent to common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports an executive's stock transaction and existing equity awards, which are standard for executive compensation and do not inherently signal significant positive or negative developments.

Positives

• Executive officer John P. Babcock acquired 5,000 shares of PGC common stock, indicating personal investment and confidence in the company.
• The acquisition was made at a specific price ($47.1065), providing transparency on the transaction value.
• Mr. Babcock holds a significant number of shares indirectly through various long-term incentive plans (RSUs, phantom stock), suggesting alignment with long-term company performance.

Risks

• Some restricted stock units and phantom stock awards are subject to performance conditions, meaning their conversion into actual shares or economic value is not guaranteed.
• The value of indirect holdings through rabbi trusts and deferred compensation plans is subject to the financial health of the company and the terms of those plans.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction and details of existing equity awards.

Industry Context

StockSavvy.ai notes that insider stock purchases, as reported in Form 4 filings, can be a signal of management's confidence in the company's future prospects. However, these transactions are often part of executive compensation plans and should be analyzed in that context.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share price, but the executive's investment may be viewed as a positive signal. The existence of various equity awards aligns executive interests with long-term shareholder value.
• Employees: The reporting person's role as SEVP & Pres of Priv Wealth Mgt is a key leadership position. The details of equity awards may inform discussions about executive compensation structures.
• Creditors: No direct impact is indicated.

Next Steps

• Vesting of various restricted stock units and phantom stock awards according to their respective schedules and performance conditions.
• Potential future transactions by the reporting person as outlined in their compensation plans.

Key Dates

Keywords

Peapack Gladstone Financial Corp, PGC, Form 4, Insider Trading, Stock Transaction, Executive Compensation, Restricted Stock Units, Phantom Stock, Beneficial Ownership, John P. Babcock