secwatch.observer — SEC 8-K summary
======================================

Issuer:     PEAPACK GLADSTONE FINANCIAL CORP (PGC)
CIK:        0001050743
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0000943374-23-000155
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peapack-Gladstone enters Retirement Transition Agreement with COO Robert Plante
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050743/000094337423000155/0000943374-23-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050743/000094337423000155/form8k_032223.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer