Gregory Martin Smith, SEVP and President of Commercial Banking at Peapack Gladstone Financial Corp (NASDAQ:PGC), filed a Form 4 on September 3, 2026, disclosing the sale of 1,250 shares of common stock on September 2, 2026.

Key Highlights

  • Sale transaction: Smith disposed of 1,250 shares of PGC common stock on September 2, 2026, at a price of $44.66 per share.
  • Remaining direct ownership: Following the sale, Smith directly holds 12,622 shares of common stock.
  • RSU holdings: Smith holds multiple tranches of restricted stock units (RSUs) totaling 32,315 underlying common shares across six RSU grants.
  • Phantom stock: Smith also holds 1,801 and 8,103 phantom stock shares from a March 20, 2024 grant, each economically equivalent to one share of common stock.
  • Transaction code: The sale was coded "S" (open-market or private sale) with no indication of a Rule 10b5-1 plan box being checked.

Smith's Sale and Derivative Holdings at Peapack Gladstone Financial

According to the filing, Gregory Martin Smith, serving as SEVP and President of Commercial Banking at Peapack Gladstone Financial Corp, sold 1,250 shares of common stock on September 2, 2026, at $44.66 per share. The transaction was reported as a direct disposal (code "S"). Following this transaction, Smith's direct beneficial ownership in common stock stands at 12,622 shares, as stated in the filing.

The filing also discloses several tranches of RSUs held by Smith. These include grants made on March 20, 2022 (originally 7,853 RSUs, vesting in five equal annual installments beginning March 20, 2023, with 1,573 remaining), March 20, 2023 (originally 7,797 RSUs, vesting in five equal annual installments beginning March 20, 2024, with 3,120 remaining), March 20, 2025 (4,922 time-based RSUs vesting in three equal annual installments beginning March 20, 2026, with 3,282 remaining, plus 7,383 performance-based RSUs vesting on the third anniversary if certain performance conditions are met), and March 20, 2026 (6,863 time-based RSUs vesting in three equal annual installments beginning March 20, 2027, plus 10,294 performance-based RSUs vesting on the third anniversary subject to performance conditions). Each RSU converts into one share of PGC common stock upon vesting.

Additionally, the filing reports two phantom stock positions from a March 20, 2024 grant: 1,801 shares remaining from an original 5,402-share time-based grant vesting in three equal annual installments beginning March 20, 2025, and 8,103 performance-based phantom shares vesting on the third anniversary subject to performance conditions. The filing states that upon vesting, each phantom share "is the economic equivalent of one share of common stock." All derivative positions are held directly.

What Was Disclosed

Smith reported a sale of 1,250 shares of Peapack Gladstone Financial common stock at $44.66, leaving him with 12,622 direct shares. The filing also disclosed multiple RSU and phantom stock positions tied to time-based and performance-based vesting schedules.