Francesco S. Rossi, serving as the Senior Vice President and Chief Accounting Officer at Peapack Gladstone Financial Corp (NASDAQ: PGC), executed a sale of the company's common stock on June 11, 2026. The aggregate value of the transactions was approximately $113,060.
Rossi disposed of a total of 2,484.036 shares at a price of $45.515 per share. The disposition included 547.0002 shares held directly and 1,937.0358 shares held indirectly through an Employee Stock Purchase Plan. Following the execution of these sales, Rossi's direct holdings in Peapack Gladstone common stock stand at 5,140.00 shares, while his indirect holdings are recorded at 3,370.058 shares.
The sale occurs as PGC shares trade near their 52-week high of $46.36. Year-to-date performance for the stock is up 66%. According to InvestingPro analysis, the stock remains fairly valued at its current levels, trading at a price-to-earnings ratio of 18.75 with a notably attractive price-to-earnings-to-growth ratio of 0.49. The company has maintained dividend payments for 29 consecutive years, which stands as one of several key insights available in the comprehensive Pro Research Report.
The filing also reported Rossi's current holdings in phantom stock, which represent the economic equivalent of common stock shares upon vesting. He holds 743 phantom stock shares from a grant on March 20, 2024, which vests in three equal annual installments beginning March 20, 2025. Additionally, he holds 1,170 phantom stock shares from a March 20, 2025 grant, vesting in three equal annual installments beginning March 20, 2026. A further 1,893 phantom stock shares were granted on March 20, 2026, with vesting in three equal annual installments starting March 20, 2027.
In other recent news, Peapack-Gladstone Financial Corporation reported impressive financial results for the first quarter of 2026. The company exceeded analyst expectations with an earnings per share of $0.80, surpassing the forecasted $0.6975, which represents a 14.7% surprise. Additionally, Peapack-Gladstone's revenue outperformed projections, reaching $82.66 million compared to the anticipated $79.17 million. These results highlight the company's strong financial performance in the recent quarter.