Peapack-Gladstone (PGC) CRO gets stock awards, exercises units, pays taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PEAPACK GLADSTONE FINANCIAL CORP EVP & Chief Risk Officer Maureen Hemhauser reported routine equity compensation activity. On March 20, 2026, she exercised or settled derivative awards, including restricted stock units and phantom stock, into 7,076 shares of common stock, while 1,052 shares were withheld at $33.18 per share to cover tax obligations.
She also received new grants of 5,386 and 1,795 restricted stock units that vest over multi‑year schedules described in the award terms. After these transactions, she continues to hold unvested awards representing 1,399 underlying common shares in restricted stock units and 1,426 underlying common shares in phantom stock units, along with both direct and indirect common stock holdings, including shares held in a rabbi trust and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,076 shares exercised/converted
Mixed
19 txns
Insider
Hemhauser Maureen
Role
EVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,398 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,386 | $0.00 | -- |
| Exercise | Restricted Stock Units | 942 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,232 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,418 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,795 | $0.00 | -- |
| Exercise | Phantom Stock | 1,426 | $0.00 | -- |
| Exercise | Phantom Stock | 660 | $0.00 | -- |
| Exercise | Common Stock | 699 | $0.00 | -- |
| Tax Withholding | Common Stock | 220 | $33.18 | $7K |
| Exercise | Common Stock | 1,232 | $0.00 | -- |
| Tax Withholding | Common Stock | 387 | $33.18 | $13K |
| Exercise | Common Stock | 1,418 | $0.00 | -- |
| Tax Withholding | Common Stock | 445 | $33.18 | $15K |
| Exercise | Common Stock | 699 | $0.00 | -- |
| Exercise | Common Stock | 942 | $0.00 | -- |
| holding | Restriced Stock Units | -- | -- | -- |
| holding | Phantom Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,799 shares (Direct);
Phantom Stock — 1,427 shares (Direct);
Common Stock — 699 shares (Direct);
Common Stock — 8,638 shares (Indirect, Rabbi Trust);
Restriced Stock Units — 1,399 shares (Direct);
Phantom Stock Units — 1,426 shares (Direct)
Footnotes (1)
- On March 20, 2025, the reporting person was granted 4,197 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2026. Upon vesting, each RSU converts into one share of PGC common stock. Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units. On March 20, 2023, the reporting person was granted 6,162 restricted stock units (RSUs), vesting in five equal annual installments beginning on March 20, 2024. Upon vesting, each RSU converts into one share of PGC common stock. On March 20, 2023, the reporting person was granted 2,054 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock. 1,418 restricted stock units vested. Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan. On March 20, 2022, the reporting person was granted 4,712 restricted stock units (RSUs), vesting in five equal annual installments beginning on March 20, 2023. Upon vesting, each RSU converts into one share of PGC common stock. On March 20, 2026, the reporting person was granted 5,386 restricted stock units (RSUs), vesting in three equal annual installments beginning on March 20, 2027. Upon vesting, each RSU converts into one share of PGC common stock. On March 20, 2025, the reporting person was granted 1,399 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock. On March 20, 2026, the reporting person was granted 1,795 restricted stock units (RSUs), vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each RSU converts into one share of PGC common stock. On March 20, 2024, the reporting person was granted 4,279 phantom stock shares, vesting in three equal annual installments beginning on March 20, 2025. Upon vesting, each phantom share is the economic equivalent of one share of common stock. On March 20, 2021, the reporting person was granted 3,287 phantom stock shares, vesting in five equal annual installments beginning on March 20, 2022. Upon vesting, each phantom share is the economic equivalent of one share of common stock. On March 20, 2024, the reporting person was granted 1,426 phantom stock shares, vesting on the third anniversary of the grant if certain performance conditions are met. Upon vesting, each phantom share is the economic equivalent of one share of common stock.
FAQ
What insider transactions did PGC executive Maureen Hemhauser report on March 20, 2026?
Maureen Hemhauser reported exercising restricted stock units and phantom stock into 7,076 shares of Peapack-Gladstone common stock. The filing also shows new grants of 5,386 and 1,795 RSUs, plus tax‑related share withholdings, reflecting routine compensation activity.
What new restricted stock unit awards did PGC grant to Maureen Hemhauser?
Maureen Hemhauser received grants of 5,386 and 1,795 restricted stock units. According to the award terms, these RSUs vest in scheduled installments or on a third anniversary if performance conditions are met, each converting into one share of common stock upon vesting.
What RSU and phantom stock balances does Maureen Hemhauser still hold after these PGC transactions?
After the reported transactions, she continues to hold restricted stock units tied to 1,399 underlying common shares and phantom stock units tied to 1,426 underlying shares. These remaining derivative awards represent unvested, compensation‑related exposure to Peapack-Gladstone stock.
Does Maureen Hemhauser’s Form 4 for PGC indicate any open-market stock sales or purchases?
The Form 4 does not report open‑market purchases or sales. It shows option and award exercises, new RSU and phantom stock grants, and F‑code tax‑withholding dispositions, which are mechanistic share deliveries to cover taxes rather than discretionary market trades.