secwatch.observer — SEC 8-K summary
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Issuer:     PEAPACK GLADSTONE FINANCIAL CORP (PGC)
CIK:        0001050743
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0001193125-22-090052
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050743/000119312522090052/0001193125-22-090052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050743/000119312522090052/d332646d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-090052

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