PGC extends deferred comp contracts for CEO, CFO, Pres.; Kennedy contributions double

PEAPACK GLADSTONE FINANCIAL CORP

Amended and restated deferred comp agreements extended 5 years, starting July 1, 2022.
CEO Kennedy quarterly contribution increased to $100,000; Babcock and Carfora at $50,000.
New agreements remove Section 280G excise-tax reduction provision; other terms unchanged.
Quarterly contributions conditioned on minimum EPS of 60% of budget over prior 12 months.

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