Peapack-Gladstone Financial Corp. Files 8-K

TL;DR

PGC filed an 8-K on 12/02/24 for 'Other Events' - details TBD.

AI Summary

Peapack-Gladstone Financial Corp. (PGC) filed an 8-K on December 2, 2024, reporting other events. The filing does not contain specific details about the nature of these events, dollar amounts, or new dates beyond the reporting period.

Why It Matters

This 8-K filing indicates that Peapack-Gladstone Financial Corp. has reported an event requiring immediate disclosure to the SEC, though the specifics are not detailed in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' without immediate negative or positive financial implications detailed.

Key Players & Entities

• PEAPACK-GLADSTONE FINANCIAL CORP (company) — Registrant
• PGC (company) — Trading Symbol
• NASDAQ Stock Market, LLC (company) — Exchange
• December 2, 2024 (date) — Report Date

FAQ

Filing Documents

• pgc-20241202.htm (8-K) — 47KB
• 0000950170-24-132147.txt ( ) — 158KB
• pgc-20241202.xsd (EX-101.SCH) — 25KB
• pgc-20241202_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events Douglas L. Kennedy, President and Chief Executive Officer of Peapack Gladstone Financial Corporation (the "Company") and Peapack-Gladstone Bank, entered into a stock trading plan to sell 30,000 shares of common stock over a three-month period beginning on December 2, 2024, which is approximately 9% of his holdings of Company stock, including unvested restricted stock units. The trading plan is designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. In accordance with Rule 10b5-1, officers of a public company may adopt a plan for selling stock of the public company when the officer is not in possession of material, non-public information about the company. Mr. Kennedy entered into the plan for tax and financial planning purposes. Following the completion of the plan, Mr. Kennedy is expected to hold approximately 283,110 shares of Company common stock, including 69,586 shares of restricted stock units that remain subject to the satisfaction of vesting conditions. Following the completion of the stock trading plan, Mr. Kennedy will still own the most shares of Company common stock among the Company's management and Board of Directors and will continue to maintain ownership in excess of the amount required under the Company's stock ownership guidelines. The stock transactions under the plan will be disclosed publicly through filings made with the Securities and Exchange Commission.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PEAPACK-GLADSTONE FINANCIAL CORPORATION Dated: December 2, 2024 By: /s/ Frank A. Cavallaro Frank A. Cavallaro Senior Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR