SCHEDULE: Vanguard Group Reports 0% Stake in Peapack-Gladstone

The Vanguard Group has reported a 0% beneficial ownership in Peapack-Gladstone Financial Corp following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to Schedule 13G for Peapack-Gladstone Financial Corp.
• The filing indicates that The Vanguard Group now beneficially owns 0 shares of Common Stock, representing 0% of the class.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions will report their beneficial ownership separately.
• The Vanguard Group, Inc. no longer holds beneficial ownership over securities held by these disaggregated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing primarily concerning an internal organizational change at The Vanguard Group rather than a direct positive or negative statement about Peapack-Gladstone Financial Corp's prospects.

Positives

• The filing clarifies the ownership structure of Peapack-Gladstone Financial Corp's common stock by The Vanguard Group.
• The Vanguard Group confirms that its holdings were in the ordinary course of business and not for influencing control.

Negatives

• The Vanguard Group no longer holds a direct beneficial ownership stake in Peapack-Gladstone Financial Corp, which could be interpreted as a reduction in institutional interest from the parent entity.

Risks

• The disaggregation of beneficial ownership reporting means that the overall institutional interest from the broader Vanguard family in Peapack-Gladstone Financial Corp may become less transparent from a single filing.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding Peapack-Gladstone Financial Corp's future performance or The Vanguard Group's future investment intentions beyond the current reporting structure.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• Certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that this filing reflects a common practice among large asset managers like The Vanguard Group to adjust their internal reporting structures, particularly for beneficial ownership, to comply with SEC regulations and reflect organizational changes. While The Vanguard Group itself no longer reports a direct stake, its subsidiaries may still hold positions, which would be reported under separate filings. This disaggregation can sometimes make it more complex to track the total holdings of a large investment complex in a single issuer.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for changes in beneficial ownership. It does not provide performance metrics for Peapack-Gladstone Financial Corp that would allow for a direct comparison to industry peers like JP Morgan Chase, Bank of America, or Wells Fargo. The change in reporting by Vanguard is an internal organizational matter, not a performance assessment of the issuer.

Stakeholder Impact

• Shareholders of Peapack-Gladstone Financial Corp: May see a change in how institutional ownership from The Vanguard Group is reported, potentially requiring them to look at multiple filings to understand the full Vanguard family's stake.
• The Vanguard Group's clients: The internal realignment aims to streamline reporting, which could indirectly benefit clients through clearer disclosures from specific funds/divisions.

Next Steps

• Subsidiaries or business divisions of The Vanguard Group, Inc. will report their beneficial ownership separately.

Key Dates

Keywords

Vanguard Group, Peapack-Gladstone Financial Corp, Schedule 13G, Beneficial Ownership, Institutional Ownership, Financial Services, Bank Stock, Investment Management, SEC Filing