secwatch.observer — SEC 8-K summary
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Issuer:     PEAPACK GLADSTONE FINANCIAL CORP (PGC)
CIK:        0001050743
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0000943374-26-000080
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050743/000094337426000080/0000943374-26-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050743/000094337426000080/form8k_020626.htm
  HTML page:      https://secwatch.observer/filing/0000943374-26-000080

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