Lisa Chalkan, serving as Executive Vice President and Chief Credit Officer at Peapack-Gladstone Financial Corp (NASDAQ:PGC), has reported the disposition of 1,100 shares of common stock. The transaction was executed on June 29, 2026, with the shares sold at a price of $47.60 each. The total value derived from this sale amounts to $52,360. This activity takes place as the company's equity trades in close proximity to its 52-week high of $48.31. The stock has demonstrated substantial momentum, recording a 70% gain over the trailing twelve months. At the time of the reported sale, the stock was trading at $47.42, a level that sits slightly above InvestingPro's Fair Value estimate of $46.90, indicating a potential marginal overvaluation.
Following the completion of this sale, Chalkan's direct holdings in Peapack-Gladstone Financial Corp common stock stand at 26,075 shares. In addition to her direct ownership, she maintains an indirect stake of 501.42 shares held within a 401(k) plan. Her compensation structure includes multiple tranches of Restricted Stock Units (RSUs) and Phantom Stock, each with distinct vesting schedules and grant dates. Specifically, Chalkan holds 3,266 RSUs granted on March 20, 2025, which are scheduled to vest in three equal annual installments starting March 20, 2026. She also holds 5,785 RSUs granted on March 20, 2026, with vesting commencing in three equal annual installments beginning March 20, 2027. Further, 3,120 RSUs granted on March 20, 2023, vest in five equal annual installments starting March 20, 2024. Her portfolio includes 1,633 performance-based RSUs granted on March 20, 2025, which vest on the third anniversary contingent upon meeting certain conditions, and 1,928 performance-based RSUs granted on March 20, 2026, subject to similar vesting conditions.
Chalkan's Phantom Stock holdings are composed of 2,113 shares granted on March 20, 2024, vesting in three equal annual installments beginning March 20, 2025. Additionally, she holds 2,112 phantom stock shares from the same grant date, which vest on their third anniversary if specific performance conditions are satisfied. Each RSU converts into one share of Peapack-Gladstone Financial Corp common stock upon vesting, and each phantom share represents the economic equivalent of one share of common stock upon vesting.
Peapack-Gladstone Financial Corporation recently reported first-quarter 2026 earnings that surpassed analyst expectations. The company achieved an earnings per share (EPS) of $0.80, exceeding the forecasted $0.6975 and resulting in a 14.7% surprise. Revenue for the quarter reached $82.66 million, outperforming the anticipated $79.17 million. These results highlight the company's solid financial performance in the recent quarter. Analysts had projected lower figures, but Peapack-Gladstone managed to deliver better-than-expected results. The earnings announcement was followed by a rise in the company's stock during after-hours trading.
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