Peapack-Gladstone Financial Corporation has entered into Special Executive Retention Performance Restricted Stock Unit Award Agreements with President and CEO Douglas Kennedy and Senior Executive Vice President John Babcock. Under these agreements, Kennedy will receive 50,000 performance-based restricted stock units (RSUs) and Babcock will receive 32,000 RSUs at target level. The RSUs are tied to specific company performance metrics over three annual periods ending December 31, 2028, and will cliff vest on that date. The RSUs may be forfeited if the executive leaves the company under certain circumstances before the vesting date. In the event of a change in control, the RSUs may vest earlier based on actual performance or the value of merger consideration.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peapack-Gladstone Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000943374-26-000080), on February 11, 2026, and is solely responsible for the information contained therein.