Peapack-Gladstone Financial Management

Management criteria checks 4/4

Peapack-Gladstone Financial's CEO is Doug Kennedy, appointed in Oct 2012, has a tenure of 11.5 years. total yearly compensation is $3.00M, comprised of 27.4% salary and 72.6% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth $2.21M. The average tenure of the management team and the board of directors is 6.1 years and 11.5 years respectively.

Key information

Doug Kennedy

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage	27.4%
CEO tenure	11.5yrs
CEO ownership	0.5%
Management average tenure	6.1yrs
Board average tenure	11.5yrs

Recent management updates

Recent updates

Peapack-Gladstone Financial goes ex dividend tomorrow

Aug 09

Peapack-Gladstone Financial GAAP EPS of $1.08 beats by $0.16, revenue of $61.88M beats by $1.44M

Jul 29

Peapack-Gladstone: Solid WM Offering, But High Cost Funding Source

Jan 19

We Think Peapack-Gladstone Financial Corporation's (NASDAQ:PGC) CEO Compensation Package Needs To Be Put Under A Microscope

Apr 28

Peapack-Gladstone Financial declares $0.05 dividend

Apr 27

Peapack-Gladstone Financial reports Q4 results

Feb 01

Why Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Is A Top Dividend Stock

Dec 16

How Much Of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Do Insiders Own?

Nov 25

CEO Compensation Analysis

How has Doug Kennedy's remuneration changed compared to Peapack-Gladstone Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD3.00M) is about average for companies of similar size in the US market ($USD2.43M).

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

CEO

Doug Kennedy (66 yo)

11.5yrs

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	11.5yrs	US$3.00m	0.55% $ 2.2m
Frank Cavallaro	Senior EVP & CFO	1.4yrs	US$675.55k	0.039% $ 158.4k
Robert Plante	Executive VP & COO	7.1yrs	US$911.65k	0.042% $ 168.6k
John Babcock	Senior EVP & President of Peapack Private Wealth Management	10.1yrs	US$1.93m	0.42% $ 1.7m
Gregory Smith	Senior Executive VP & President of Commercial Banking	5yrs	US$1.12m	0.10% $ 412.0k
Francesco Rossi	Senior VP & Chief Accounting Officer	7.6yrs	no data	0.051% $ 203.9k
Eric Waser	Executive VP & Head of Investment Banking	5.1yrs	US$618.34k	no data
Kevin Runyon	Executive VP	6.1yrs	no data	no data
Maureen Hemhauser	Executive VP	9.2yrs	no data	0.028% $ 112.7k
Rosanne Schwab	Assistant VP of Public Relations & Corporate Communications Manager	no data	no data	no data
Karen Rosner	VP of Assistant Brand & Marketing Director	2.3yrs	no data	no data
Brydget Falk-Drigan	Executive VP & Chief Human Resources Officer	6yrs	no data	no data

6.1yrs

Average Tenure

62yo

Average Age

Experienced Management: PGC's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Douglas Kennedy	President	11.5yrs	US$3.00m	0.55% $ 2.2m
Frank Kissel	Chairman Emeritus	no data	no data	no data
Philip Smith	Independent Director	29.3yrs	US$87.47k	0.42% $ 1.7m
Anthony Consi	Independent Director	24.3yrs	US$127.97k	0.62% $ 2.5m
F. Meyercord	Independent Chairman of the Board	33.3yrs	US$324.99k	0.77% $ 3.1m
Susan Cole	Independent Director	10.2yrs	US$86.17k	0.064% $ 260.1k
Carmen Bowser	Independent Director	6.6yrs	US$104.47k	0.021% $ 83.6k
Edward Gramigna	Independent Director	11.5yrs	US$168.19k	0.047% $ 191.5k
Steven Kass	Independent Director	6.3yrs	US$206.99k	0.041% $ 163.5k
Anthony Spinelli	Independent Director	6.9yrs	US$113.47k	0.069% $ 278.8k
Richard Daingerfield	Independent Director	9.7yrs	US$186.00k	0.12% $ 471.2k
Beth Welsh	Independent Director	11.5yrs	US$117.47k	0.082% $ 332.9k

11.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: PGC's board of directors are seasoned and experienced ( 11.5 years average tenure).

Peapack-Gladstone Financial Management

Management criteria checks 4/4

Key information

Recent management updates

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

Insider recently sold US$135k worth of stock

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

Insider recently sold US$161k 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 US$75k worth of stock

Recent updates

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

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold US$135k worth of stock

Fourth quarter dividend of US$0.05 announced

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

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

Price target increased by 9.3% to US$33.63

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

Investor sentiment improves as stock rises 15%

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

Price target decreased by 10% to US$30.00

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Insider recently sold US$161k 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 US$75k worth of stock

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

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

New minor risk - Shareholder dilution

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

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

Insider recently sold US$181k worth of stock

Insider notifies of intention to sell stock

Price target decreased by 12% to US$37.33

Price target decreased by 8.9% to US$41.67

Consensus EPS estimates fall by 13%

Price target decreased by 7.7% to US$42.25

Insider recently sold US$153k worth of stock

Investor sentiment deteriorates as stock falls 17%

Peapack-Gladstone Financial Corporation Announces Executive Appointments

Upcoming dividend of US$0.05 per share at 0.5% yield

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.05 per share

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: Revenues and EPS in line with analyst expectations

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 US$127k worth of stock

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Peapack-Gladstone Financial goes ex dividend tomorrow

Peapack-Gladstone Financial GAAP EPS of $1.08 beats by $0.16, revenue of $61.88M beats by $1.44M

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

Peapack-Gladstone Financial Corporation announced delayed 10-Q filing

Upcoming dividend of US$0.05 per share

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

First quarter 2022 earnings: EPS and revenues miss analyst expectations

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

Upcoming dividend of US$0.05 per share

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

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

Peapack-Gladstone: Solid WM Offering, But High Cost Funding Source

Insider recently sold US$204k worth of stock

Insider recently sold US$124k 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)

Insider recently bought US$80k worth of stock

Insider recently sold US$164k worth of stock

Upcoming dividend of US$0.05 per share

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

Insider recently sold US$166k worth of stock

Insider notifies of intention to sell stock

Price target increased to US$37.50

Consensus EPS estimates increase to US$2.59

Upcoming dividend of US$0.05 per share

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