PEAPACK GLADSTONE FINANCIAL CORP

Securities Trading Plans of Directors and Executive Officers

During the three months ended September 30, 2025, none of our directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement."

Amended and Restated Retirement Transition Agreements

On November 7, 2025, the Company and the Bank entered into Amended and Restated Retirement Transition Agreements with Douglas L. Kennedy, President and Chief Executive Officer of the Company and the Bank, John P. Babcock, Senior Executive Vice President of the Company, and Robert A. Plante, Executive Vice President and Chief Operating Officer of the Company and the Bank. Under the agreements, if the executive (i) provides at least six months advance written notice of the executive’s expected retirement date; (ii) terminates employment after completing at least seven years of service with the Bank and attaining age 62; and (iii) the sum of the executive’s age and years of service equals 70 or more as of the date of his termination of employment, all unvested time-based restricted stock units (“RSUs”) and phantom stock units that the executive has as of the executive’s retirement date will fully vest on the earlier of the one-year anniversary of the executive’s retirement date or the effective date of a change in control, and all unvested performance-based RSUs and phantom stock units that the executive has as of the executive’s retirement date will vest based on the following: (i) for the applicable performance period with respect to each full calendar year preceding the executive’s retirement date, on the level of actual achievement of the Company for the applicable performance period, and (ii) for the applicable performance period with respect to the calendar year of and each full calendar year following the executive’s retirement date, the target level of achievement of the applicable performance goals for the applicable performance period. In addition, the agreements provide that, for a period of one year following the executive’s retirement, the executive will be available to provide consulting services to the Company and will not compete with the Company and not solicit the employees or customers of the Company.

The foregoing description of the Amended and Restated Retirement Transition Agreements does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Retirement Transition Agreements included as Exhibits 10.1, 10.2, and 10.3 to this Quarterly Report on Form 10-Q and incorporated by reference into this Item 5.