Peapack-Gladstone Financial Management

Management criteria checks 3/4

Peapack-Gladstone Financial's CEO is Doug Kennedy, appointed in Oct 2012, has a tenure of 12.08 years. total yearly compensation is $3.00M, comprised of 27.4% salary and 72.6% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth €3.21M. The average tenure of the management team and the board of directors is 6.7 years and 12.1 years respectively.

Key information

Doug Kennedy

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage	27.4%
CEO tenure	12.1yrs
CEO ownership	0.5%
Management average tenure	6.7yrs
Board average tenure	12.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Doug Kennedy's remuneration changed compared to Peapack-Gladstone Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$32m
Jun 30 2024	n/a	n/a	US$34m
Mar 31 2024	n/a	n/a	US$39m
Dec 31 2023	US$3m	US$823k	US$49m
Sep 30 2023	n/a	n/a	US$61m
Jun 30 2023	n/a	n/a	US$72m
Mar 31 2023	n/a	n/a	US$79m
Dec 31 2022	US$3m	US$731k	US$74m
Sep 30 2022	n/a	n/a	US$69m
Jun 30 2022	n/a	n/a	US$63m
Mar 31 2022	n/a	n/a	US$57m
Dec 31 2021	US$3m	US$731k	US$57m
Sep 30 2021	n/a	n/a	US$45m
Jun 30 2021	n/a	n/a	US$44m
Mar 31 2021	n/a	n/a	US$38m
Dec 31 2020	US$2m	US$695k	US$26m
Sep 30 2020	n/a	n/a	US$35m
Jun 30 2020	n/a	n/a	US$34m
Mar 31 2020	n/a	n/a	US$37m
Dec 31 2019	US$2m	US$695k	US$47m
Sep 30 2019	n/a	n/a	US$46m
Jun 30 2019	n/a	n/a	US$44m
Mar 31 2019	n/a	n/a	US$45m
Dec 31 2018	US$2m	US$669k	US$44m
Sep 30 2018	n/a	n/a	US$44m
Jun 30 2018	n/a	n/a	US$43m
Mar 31 2018	n/a	n/a	US$39m
Dec 31 2017	US$2m	US$573k	US$36m

Compensation vs Market: Doug's total compensation ($USD3.00M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.

CEO

Doug Kennedy (67 yo)

12.1yrs

Tenure

US$3,004,327

Compensation

Mr. Douglas L. Kennedy, also known as Doug, serves as Chief Executive Officer and Director of Peapack-Gladstone Financial Corporation since October 9, 2012 and serves as its President since April 2013. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Douglas Kennedy	President	12.1yrs	US$3.00m	0.53% € 3.2m
Frank Cavallaro	Senior EVP & CFO	2yrs	US$675.55k	0.039% € 239.4k
Robert Plante	Executive VP & COO	7.7yrs	US$911.65k	0.042% € 254.9k
John Babcock	SEVP & President of Wealth Management	10.7yrs	US$1.93m	0.32% € 1.9m
Gregory Smith	Senior EVP & President of Commercial Banking	5.6yrs	US$1.12m	0.10% € 622.9k
Francesco Rossi	Senior VP & Chief Accounting Officer	8.2yrs	no data	0.051% € 308.4k
Eric Waser	Executive VP & Head of Investment Banking	5.7yrs	US$618.34k	no data
Kevin Runyon	Executive VP	6.7yrs	no data	no data
Maureen Hemhauser	Executive VP	9.8yrs	no data	0.028% € 170.3k
Rosanne Schwab	Assistant VP of Public Relations & Corporate Communications Manager	no data	no data	no data
Karen Rosner	VP of Assistant Brand & Marketing Director	2.8yrs	no data	no data
Brydget Falk-Drigan	Executive VP & Chief Human Resources Officer	6.6yrs	no data	no data

6.7yrs

Average Tenure

63yo

Average Age

Experienced Management: 45V's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Douglas Kennedy	President	12.1yrs	US$3.00m	0.53% € 3.2m
Frank Kissel	Chairman Emeritus	no data	no data	no data
Philip Smith	Independent Director	29.8yrs	US$87.47k	0.42% € 2.6m
Anthony Consi	Independent Director	24.8yrs	US$136.47k	0.62% € 3.8m
F. Meyercord	Independent Chairman of the Board	33.8yrs	US$324.99k	0.77% € 4.7m
Susan Cole	Independent Director	10.8yrs	US$86.17k	0.065% € 393.3k
Carmen Bowser	Independent Director	7.2yrs	US$104.47k	0.021% € 126.3k
Edward Gramigna	Independent Director	12.1yrs	US$168.19k	0.048% € 289.5k
Steven Kass	Independent Director	6.8yrs	US$206.99k	0.041% € 247.2k
Anthony Spinelli	Independent Director	7.5yrs	US$113.47k	0.069% € 421.4k
Richard Daingerfield	Independent Director	10.3yrs	US$186.00k	0.12% € 712.5k
Beth Welsh	Independent Director	12.1yrs	US$117.47k	0.083% € 503.3k

12.1yrs

Average Tenure

68.5yo

Average Age

Experienced Board: 45V's board of directors are seasoned and experienced ( 12.1 years average tenure).

Peapack-Gladstone Financial Management

Management criteria checks 3/4

Key information

Recent management updates

SEVP & President of Wealth Management recently sold €89k worth of stock

SEVP & President of Wealth Management recently sold €243k worth of stock

SEVP & President of Wealth Management recently sold €117k worth of stock

Peapack Private Announces Elevation of MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer and President of PGB Trust & Investments of Delaware

Insider recently sold €102k worth of stock

Peapack-Gladstone Financial Corporation, Annual General Meeting, Apr 30, 2024

Recent updates

New minor risk - Share price stability

SEVP & President of Wealth Management recently sold €89k worth of stock

Investor sentiment improves as stock rises 17%

Third quarter dividend of US$0.05 announced

Third quarter 2024 earnings released: EPS: US$0.43 (vs US$0.49 in 3Q 2023)

Peapack-Gladstone Financial Corporation Declares Cash Dividend, Payable on November 22, 2024

SEVP & President of Wealth Management recently sold €243k worth of stock

SEVP & President of Wealth Management recently sold €117k worth of stock

Peapack Private Announces Elevation of MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer and President of PGB Trust & Investments of Delaware

Second quarter dividend of US$0.05 announced

Second quarter 2024 earnings released: EPS: US$0.42 (vs US$0.73 in 2Q 2023)

Investor sentiment improves as stock rises 16%

Insider recently sold €102k worth of stock

First quarter dividend of US$0.05 announced

First quarter 2024 earnings released: EPS: US$0.49 (vs US$1.03 in 1Q 2023)

Peapack-Gladstone Financial Corporation Declares Cash Dividend, Payable on May 23, 2024

Peapack-Gladstone Financial Corporation, Annual General Meeting, Apr 30, 2024

Full year 2023 earnings released: EPS: US$2.74 (vs US$4.09 in FY 2022)

Fourth quarter dividend of US$0.05 announced

Insider recently sold €125k worth of stock

Full year 2023 earnings released: EPS: US$2.74 (vs US$4.09 in FY 2022)

Peapack-Gladstone Financial Corporation Reports Net Charge Off for the Fourth Quarter Ended December 31, 2023

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank Announce the Appointment of Birgitta Natale as Senior Vice President, Director of Residential and Consumer Lending

Upcoming dividend of US$0.05 per share at 0.9% yield

Third quarter 2023 earnings released: EPS: US$0.49 (vs US$1.11 in 3Q 2022)

Peapack-Gladstone Financial Corporation Declares Cash Dividend, Payable on November 27, 2023

Insider recently sold €150k worth of stock

Peapack-Gladstone Financial Corporation and Peapack Private Appoints James Mckenna as Senior Managing Director, Commercial Private Banker

Senior EVP & CFO recently bought €69k worth of stock

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank Appoints Brian J. Scherman as Senior Vice President, Director of Residential and Consumer Lending

Upcoming dividend of US$0.05 per share at 0.7% yield

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: EPS: US$0.73 (vs US$1.10 in 2Q 2022)

Peapack-Gladstone Financial Corporation Appoints Jeanne Scungio as President for Peapack Private’s New York Location

Peapack-Gladstone Financial Corporation Promotes Heather Gibbs to Senior Vice President, Enterprise Risk and Information Security Officer

New minor risk - Insider selling

Peapack-Gladstone Financial Corporation Announces the Appointment of Patrick Campion as New Director

Investor sentiment improves as stock rises 15%

Insider recently sold €142k worth of stock

Investor sentiment deteriorates as stock falls 16%

Peapack-Gladstone Financial Corporation Announces Executive Appointments

Full year 2022 earnings released: EPS: US$4.09 (vs US$3.01 in FY 2021)

Peapack-Gladstone Financial Corporation Announces Frank A. Cavallaro Will Join the Company and the Bank as Senior Executive Vice President, Effective October 31, 2022

Peapack-Gladstone Financial Corporation Declares Cash Dividend, Payable on November 28, 2022

Third quarter 2022 earnings released: EPS: US$1.11 (vs US$0.76 in 3Q 2021)

Peapack-Gladstone Financial Corporation Announces Executive Appointments for Newest Move into the Life Insurance Premium Finance Business

Peapack-Gladstone Financial Corporation Announces Jeffrey J. Carfora Intends to Retire as Chief Financial Officer, Effective April 7, 2023

Insider recently sold €125k worth of stock

Second quarter 2022 earnings released: EPS: US$1.10 (vs US$0.76 in 2Q 2021)

Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker

Peapack-Gladstone Financial Corporation announced delayed 10-Q filing

Peapack-Gladstone Financial Corporation Declares Cash Dividend, Payable on May 26, 2022

First quarter 2022 earnings released: EPS: US$0.73 (vs US$0.69 in 1Q 2021)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Peapack-Gladstone Financial Corporation Declares Cash Dividend, Payable on February 25, 2022

Insider recently sold €180k worth of stock

Insider recently sold €107k worth of stock

Upcoming dividend of US$0.05 per share

Third quarter 2021 earnings released: EPS US$0.76 (vs US$0.72 in 3Q 2020)

Third quarter 2021 earnings released: EPS US$0.76 (vs US$0.72 in 3Q 2020)

Insider recently bought €68k worth of stock

Insider recently sold €139k worth of stock

Second quarter 2021 earnings released: EPS US$0.76 (vs US$0.44 in 2Q 2020)

Insider recently sold €136k worth of stock

First quarter 2021 earnings released: EPS US$0.69 (vs US$0.073 in 1Q 2020)

Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend, Payable on May 25, 2021

Peapack-Gladstone Financial Corporation, Annual General Meeting, May 04, 2021

Full year 2020 earnings released: EPS US$1.39 (vs US$2.46 in FY 2019)