Director Patrick Campion of Peapack-Gladstone Financial Corp (NASDAQ: PGC) sold 340 shares of common stock on March 27, 2025, at a reported price of $28.85 per share, producing proceeds of $9,809.
The stock has risen since that sale, trading at $34.44 and approaching its 52-week high of $35.68. According to the figures cited, shares have delivered a 19% return year-to-date.
Regulatory filings provide additional detail about Campion's holdings and awards. A Form 4 submitted to the Securities and Exchange Commission reports that Campion acquired 1,675 shares of common stock on March 20, 2026, as the result of Restricted Stock Units converting into shares.
On the same date, March 20, 2026, Campion was granted 1,491 Restricted Stock Units. Those RSUs are scheduled to vest on the one-year anniversary of the grant.
Market commentary included in the filings and related disclosures cites analysis from InvestingPro, which indicates that PGC appears undervalued at current levels. The InvestingPro reference notes that subscribers have access to comprehensive Fair Value estimates and seven additional ProTips for deeper investment insights.
Corporate actions at Peapack-Gladstone extend beyond insider transactions. The company announced its intention to redeem $100 million in subordinated notes. The securities targeted for redemption are the 3.50% fixed-to-floating rate notes due December 22, 2030.
The stated redemption price will equal the principal amount plus any accrued interest. In announcing the move, the company said it will remain well-capitalized following the redemption.
Separately, the firm has entered into performance-based restricted stock unit agreements with two senior executives. The agreements cover Douglas Kennedy, President and Chief Executive Officer, and John Babcock, Senior Executive Vice President and President of Private Wealth Management.
Those performance RSU awards are structured to encourage the executives to remain with the company through December 31, 2028, and the awards are contingent on the achievement of specific performance goals. The company disclosed these developments in press releases and filings with the Securities and Exchange Commission.
Context note - The filings and press materials referenced above form the basis for the transactions and corporate actions described.