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PGC - Peapack Gladstone Financial Corp

Insider Purchase by Kennedy Douglas L (Pres, CEO)

1 Year
After Trade
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Trade Summary

7 months ago, Kennedy Douglas L, serving as Pres, CEO at Peapack Gladstone Financial Corp (PGC), purchased 3,720 shares at $26.24 per share, for a total transaction value of $97,628.00. Following this transaction, Kennedy Douglas L now holds 275,651 shares of PGC.

This purchase represents a 1.00% increase in Kennedy Douglas L's stake in the company. This is considered a medium-conviction trade.

The trade was executed on Wednesday, July 23, 2025 and publicly disclosed via SEC Form 4 filing on Thursday, July 24, 2025, 1 day after the trade was made.

Peapack Gladstone Financial Corp operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Kennedy Douglas L

Kennedy Douglas L

Pres, CEO

Douglas L. Kennedy is the President and Chief Executive Officer of Peapack-Gladstone Financial Corporation (PGC) and Peapack Private Bank & Trust, positions he has held since 2012, and he also serves as a member of the Board of Directors.[[1]](https://fintool.com/app/research/companies/PGC/people/douglas-l-kennedy)[[2]](https://2023annualreport.pgbank.com/corporate-information.html)[[4]](https://www.peapackprivate.com/about-us/our-people) At 68-69 years old, he brings over 47 years of experience in commercial banking.[[1]](https://fintool.com/app/research/companies/PGC/people/douglas-l-kennedy)[[3]](https://www.marketscreener.com/insider/DOUG-KENNEDY-A1J3E6/) He holds a B.A. in Economics and an MBA from Sacred Heart University in Fairfield, Connecticut.[[1]](https://fintool.com/app/research/companies/PGC/people/douglas-l-kennedy) Under Kennedy's leadership, PGC has achieved notable performance, including a 2024 total shareholder return (TSR) of $107.60 on a $100 base (2019–2024), net income of $32.99 million, and diluted EPS of $1.85.[[1]](https://fintool.com/app/research/companies/PGC/people/douglas-l-kennedy) Strategic initiatives include a successful NYC expansion with 13 private banking teams generating $850 million in core relationship deposits (exceeding the $450 million target), top-tier noninterest-bearing deposit growth, and a rebranding to Peapack Private Bank & Trust effective January 1, 2025.[[1]](https://fintool.com/app/research/companies/PGC/people/douglas-l-kennedy) Additionally, he was appointed to the Federal Reserve Bank of New York Board of Directors in 2019.[[5]](https://peapackprivate.q4ir.com/news/news-details/2019/Douglas-L--Kennedy-President-and-CEO-of-Peapack-Gladstone-Bank-Appointed-to-Federal-Reserve-Bank-of-New-York-Board-of-Directors/default.aspx)

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Trade Price

$26.24

Quantity

3,720

Total Value

$97,628.00

Shares Owned

275,651

Trade Date

Wednesday, July 23, 2025

214 days ago

SEC Filing Date

Thursday, July 24, 2025

Filed 1 day after trade

FINANCIAL SERVICESBANKS - REGIONAL

About Peapack Gladstone Financial Corp

Company Overview

No company information available
View news mentioning PGC

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