Peapack-Gladstone revises employment terms for four top executives

PEAPACK GLADSTONE FINANCIAL CORP

Douglas Kennedy base salary $731k; Jeffrey Carfora $376k; John Babcock $545k; Gregory Smith $340k.
Term through Dec 31, 2023, auto-renews to 3-year term each Jan 1 unless notice given.
Non-CIC severance: greater of 2x base salary or remaining term salary, paid over 2 years.
CIC severance: 3x base salary plus 3x average bonus (lump sum), plus COBRA up to 36 months.
Robert Plante enters separate change-in-control agreement; severance of 2x base plus 2x bonus.

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