---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-22-000108"
form_type: "8-K"
ticker: "PGC"
cik: "0001050743"
company_name: "PEAPACK GLADSTONE FINANCIAL CORP"
filed_at: "2022-03-03T23:59:59+00:00"
generated_at: "2026-06-27T01:50:31.479738+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Peapack-Gladstone revises employment terms for four top executives

## Summary
- 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.

## SEC filing metadata
- accession: 0000943374-22-000108
- form_type: 8-K
- ticker: PGC
- cik: 0001050743
- company_name: PEAPACK GLADSTONE FINANCIAL CORP
- filed_at: 2022-03-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050743/000094337422000108/0000943374-22-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050743/000094337422000108/form8k_080521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-22-000108
- JSON: https://secwatch.observer/filing/0000943374-22-000108.json
- Plain text: https://secwatch.observer/filing/0000943374-22-000108.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.