Peapack-Gladstone grants retention RSUs to CEO (50k) and PWM President (32k), vesting Dec 2028

PEAPACK GLADSTONE FINANCIAL CORP

CEO Kennedy: 50,000 target RSUs; payout 0-250% based on 30-day stock price vs Dec 2025 base.
President Babcock: 32,000 target RSUs; split 50% stock price, 30% wealth AUM, 20% wealth margin.
RSUs cliff-vest Dec 31, 2028; forfeited on voluntary departure, retirement, or for-cause termination.
On death, disability, or involuntary termination: vest at actual for completed periods, target for future; change in control triggers accelerated vesting.

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