Form 4: PGC Director Consi Converts RSUs, Receives New Grant

PEAPACK GLADSTONE FINANCIAL CORP Director Anthony J. Consi reported the conversion of restricted stock units into common stock and the grant of new RSUs.

Summary

• Director Anthony J. Consi reported transactions in PEAPACK GLADSTONE FINANCIAL CORP (PGC) securities.
• On March 20, 2026, 1,675 restricted stock units (RSUs) granted on March 20, 2025, vested and converted into 1,675 shares of PGC common stock.
• Concurrently, on March 20, 2026, Consi was granted 1,491 new restricted stock units (RSUs).
• These new RSUs will vest on March 20, 2027, converting into PGC common stock upon vesting.
• Following these transactions, Consi directly owns 110,435.692 shares of common stock and 1,491 derivative securities (RSUs).
• Consi also indirectly owns 1,309 shares of common stock through a Spouse Trustee.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting continued director engagement and standard equity compensation practices, which generally align management interests with shareholder value creation.

Positives

• Director Anthony J. Consi received a new grant of 1,491 restricted stock units, indicating continued alignment of interests with shareholders.
• The vesting of 1,675 RSUs into common stock increases the director's direct ownership in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU grants and vestings, are common compensation practices in the financial services industry, aligning executive incentives with long-term company performance. These transactions typically do not signal significant shifts in company strategy or financial health but rather reflect ongoing compensation structures.

Stakeholder Impact

• Shareholders: The grant of new restricted stock units to a director aligns management's long-term interests with shareholder value, as the director's compensation is tied to the company's stock performance.

Next Steps

• The 1,491 restricted stock units granted on March 20, 2026, are expected to vest on March 20, 2027, converting into shares of PGC common stock.

Key Dates

Recommendation

This Form 4 reports routine insider transactions involving the vesting and grant of restricted stock units, which is a standard component of executive compensation. While it indicates continued alignment of a director's interests with the company, it does not provide new material information to warrant a change in investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

PEAPACK GLADSTONE FINANCIAL CORP, PGC, Anthony J. Consi, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Director, Equity Compensation