PGC PEAPACK GLADSTONE FINANCIAL CORP Insider Trading

CFO Frank A. Cavallaro bought 2,889 shares of PGC at $34.95 on 2026-03-31 for $100,999.98; cluster pattern with 2 other insiders buying within 14 days.

Frank A. Cavallaro, SEVP & Chief Financial Officer, purchased 2,889 shares at $34.95, expanding his holdings by 24.4% to 14,713 shares post-transaction. This buy occurs amid a cluster pattern: 2 other insiders bought within the past 14 days, suggesting coordinated confidence. However, Cavallaro's own cross-ticker track record is cautionary—his 1 prior open-market buy across all tickers averaged -22.4% return over 90 days (0.00% win rate), and his prior PGC purchase in August 2023 also declined 22.4% over 90 days. The stock has recovered to its 52-week high of $35.75 (+5.2% in 30 days, +28.4% in 90 days) since this purchase, but the insider's historical execution pattern raises questions about consistency in timing, notwithstanding the current price recovery.

Director Campion Patrick buys 1,429 shares of PGC at $34.97; cluster pattern with 2 other insiders buying within 14 days

Campion Patrick purchased 1,429 shares at $34.97, representing an 85.3% increase to his holdings and a $49,993.18 investment. This transaction is part of a broader insider buying cluster, with 2 other insiders also purchasing PGC shares within the past 14 days. The company is performing well operationally—annual revenue growth of +24.0% and a P/E of 16.18 on a market cap of $628.1M—and the stock has appreciated 28.4% over the past 90 days, currently trading near its 52-week high of $35.75. Multiple directors accumulating shares simultaneously in a growing financial services company warrants investor attention to the underlying conviction this pattern may reflect.

PGC CEO Douglas L Kennedy purchased 11,296 shares at $35.21; 2 other insiders bought within 14 days. Stock at 52-week high.

Kennedy's purchase of 11,296 shares at $35.21 represents a 4.9% increase to his holdings, bringing his total to 241,925 shares—a substantial personal commitment to the stock at elevated valuation. The timing is notable: the stock trades at the 52-week high of $35.75, up 28.4% over 90 days and +5.2% over 30 days, suggesting this buy occurs after significant appreciation. Most significantly, a cluster pattern has emerged with 2 other insiders also buying within the past 14 days, which when combined with Kennedy's position as President & CEO signals coordinated confidence from the leadership group. Kennedy's track record at PGC shows 2 prior trades that were both well-timed at the 90-day mark (a July 2025 buy that returned +6.2% and a March 2025 sell executed before a subsequent -6.6% decline), establishing a pattern of sound timing judgment specific to this security. The company's fundamentals show strong recent momentum: annual revenue growth of +24.0%, a moderate P/E of 16.18, and quarterly net income of $9.6M on $70.7M revenue, providing a solid operational backdrop for insider accumulation at this price point.

PGC CEO Douglas L Kennedy purchases 3,720 shares at $26.24; stock down 31.1% from 52-week high of $37.57.

Kennedy, serving as President & CEO, acquired 3,720 shares at $26.24, increasing his holdings by 10.5% to 39,128 shares. The stock is currently trading at $25.88, down 31.1% from its 52-week high of $37.57, and has declined 6.5% over the past 30 days. Notably, Kennedy's prior sale at this ticker (on 2025-03-17) was well-timed, with the stock subsequently declining 6.6% over 90 days. The company trades at a P/E of 14.38 with modest fundamentals: latest quarter revenue of $64,359,000 and net income of $7,595,000, though annual revenue growth has contracted 0.7% year-over-year. This purchase occurs in a depressed price environment relative to recent highs, but without disclosed FLAGS indicating rationale, the transaction stands as a discrete discretionary acquisition by the CEO.

Director Duffield buys 6,316 shares of PGC at $28.44; cluster pattern with 2 other insiders buying within 14 days

Director Meyercord F Duffield purchased 6,316 shares at $28.44 on 2025-03-31, expanding his holdings from 134,055 to 140,371 shares. This transaction occurs in the context of a cluster buy pattern in which 2 other insiders also purchased within the past 14 days, suggesting aligned director activity rather than an isolated trade. The stock has declined 22.6% from its 52-week high of $37.57 and is down 10.2% over the trailing 30 days, providing context for the entry point. With the company trading at a P/E of 30.91 against flat annual revenue growth (–0.7%) and recent quarterly net income of $7,587,000.00, the simultaneous insider accumulation warrants tracking of whether this reflects confidence in forward fundamentals or is driven by other factors.

Director Edward A Gramigna Jr bought 3,000 shares of PGC at $28.43; 2 other insiders also bought within 14 days

Director Edward A Gramigna Jr purchased 3,000 shares at $28.43 on 2025-03-31, increasing his holdings by 20.2% to 17,836 shares total. This transaction is noteworthy because 2 other insiders also made purchases within the past 14 days, forming a cluster buy pattern. The stock is currently trading at $29.06, down 22.6% from its 52-week high of $37.57 and down 10.2% over the past 30 days, while the company generated $56.6M in quarterly revenue with $7.6M net income. The coincident buying activity across multiple insiders during a period of recent price decline warrants examination of whether this reflects director-level conviction about valuation or underlying business fundamentals.

Director Beth Welsh buys 1,000 shares of PGC at $28.54; cluster of 3 insiders buying in 14 days amid 22.6% decline from 52-week high.

Beth Welsh, a Director at Peapack Gladstone Financial Corp, purchased 1,000 shares at $28.54 on 2025-03-31, increasing her holdings from 14,497 to 15,497 shares. This transaction is noteworthy because it is part of a cluster pattern: 2 other insiders also bought within the past 14 days. The timing occurs after the stock has declined 22.6% from its 52-week high of $37.57 and is down 10.2% over the past 30 days. The company trades at a P/E of 30.91 with net income of $7.6M on quarterly revenue of $56.6M, though full-year revenue growth stands at -0.7%. The confluence of three insider purchases within a short window, combined with recent price weakness, may warrant attention to whether insiders view the current price level as attractive relative to their assessment of value.

PGC CEO sells 20,000 shares at $28.91; holdings drop to 43,702 shares; stock down 22.6% from 52-week high.

CEO Douglas Kennedy sold 20,000 shares (31.4% of pre-transaction holdings) at $28.91 on March 17, reducing his stake to 43,702 shares. The sale occurred while the stock trades 22.6% below its 52-week high of $37.57 and has declined 15.8% over the prior 30 days and 10.6% over 90 days. At a P/E of 30.94 against annual revenue growth of -0.7%, the company shows slowing top-line performance despite reported quarterly revenue of $56.6M and net income of $7.6M. The magnitude of the reduction—nearly one-third of his holdings in a single transaction—combined with ongoing stock weakness, warrants observation of whether this represents an isolated event or part of a broader pattern of insider activity at this valuation level.

SEVP Smith Gregory Martin sold 17,633 shares of PGC at $31.95, reducing holdings by 98.3% to 297 shares

Smith Gregory Martin, Senior Executive Vice President and President of Commercial Banking, executed a substantial sale of 17,633 shares at $31.95 on 2025-01-30, resulting in a 98.3% reduction of his holdings from 17,930 shares to 297 shares. The transaction totaled $563,293.24. This near-complete liquidation of a large position by a senior executive responsible for a major business line is material and warrants investor scrutiny. The stock is currently trading at $31.65, -15.8% from its 52-week high of $37.57, and the company faces headwinds including -5.3% annual revenue decline, suggesting the executive may have been operating under established trading parameters rather than in response to near-term announcements.