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Peapack-Gladstone Financial ( (PGC) ) has provided an update.
On February 6 and February 10, 2026, Peapack-Gladstone Financial Corporation entered into special executive retention performance restricted stock unit award agreements with President and CEO Douglas Kennedy and Senior Executive Vice President and President of Private Wealth Management John Babcock. The awards are designed to retain these key executives through December 31, 2028, and to tie their compensation to multi-year performance targets.
Under the company’s 2025 Long-Term Incentive Plan, Kennedy received 50,000 performance-based RSUs and Babcock received 32,000, with units earned over three annual performance periods ending in 2026, 2027, and 2028 and cliff vesting on December 31, 2028. Kennedy’s awards are tied entirely to the company’s 30-day average stock price, while Babcock’s are linked to stock price, wealth management assets under management, and wealth management net direct margin.
The structure allows executives to earn between 25% and 250% of target awards depending on performance, strengthening alignment between leadership incentives, shareholder value creation, and the growth and profitability of the wealth management business. The agreements include detailed provisions for treatment of RSUs in cases of death, disability, involuntary termination, or change in control, underscoring their role in both retention and leadership stability during potential corporate transitions.
The most recent analyst rating on (PGC) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Peapack-Gladstone Financial stock, see the PGC Stock Forecast page.
Spark’s Take on PGC Stock
According to Spark, TipRanks’ AI Analyst, PGC is a Outperform.
The score is driven primarily by solid financial performance (strong balance sheet with minimal leverage and improving cash generation, despite margin/ROE pressure). Technicals are moderately positive with price above key moving averages and a positive MACD, while valuation is fair but not compelling due to the low dividend yield. Corporate events add incremental support following strong reported results and governance updates.
To see Spark’s full report on PGC stock, click here.
More about Peapack-Gladstone Financial
Peapack-Gladstone Financial Corporation is a financial services company that operates through its banking and private wealth management businesses. The company focuses on providing wealth management, investment, and related financial solutions, with a particular emphasis on growing assets under management and profitability in its wealth management division.
Average Trading Volume: 144,223
Technical Sentiment Signal: Buy
Current Market Cap: $623.3M
See more data about PGC stock on TipRanks’ Stock Analysis page.