PEAPACK GLADSTONE FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
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Item 9B. Other Information
On December 2, 2024, Douglas L. Kennedy, President and Chief Executive Officer of the Company and the Bank, entered into a written stock trading plan to sell 30,000 shares of common stock over athree-month period beginning on December 2, 2024, which is approximately 9% of his holdings of Company stock, including unvested restricted stock units. The trading plan is designed to satisfy the affirmative defense of Rule 10b5-1 of the Securities Exchange Act of 1934. In accordance with Rule 10b5-1, officers of a public company may adopt a plan for selling stock of the public company when the officer is not in possession of material, non-public information about the company.
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