other material
confidence high
sentiment neutral
materiality 0.30
Peapack-Gladstone CEO adopts Rule 10b5-1 plan to sell 30,000 shares
PEAPACK GLADSTONE FINANCIAL CORP
- CEO Douglas L. Kennedy entered a trading plan to sell 30,000 shares (~9% of holdings) over 3 months starting Dec 2, 2024.
- Plan is for tax and financial planning purposes; complies with Rule 10b5-1 to avoid insider trading concerns.
- After plan completion, Kennedy expected to hold ~283,110 shares (incl. unvested RSUs), still the largest insider holder.
- Stock transactions under the plan will be disclosed via subsequent SEC filings.