Peapack-Gladstone enters Retirement Transition Agreement with COO Robert Plante

PEAPACK GLADSTONE FINANCIAL CORP

Robert Plante must provide at least 6 months notice, retire after 7 years service, age 62, and age+service ≥70.
Unvested time-based RSUs fully vest on retirement; performance-based RSUs vest based on actual or target achievement.
Post-retirement: 1-year non-compete, non-solicit of customers/employees, and consulting up to 40 hours/month.
Agreement effective January 1, 2023; filed March 22, 2023.
Consideration includes vesting acceleration and potential cash payout for canceled awards.

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