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 12.17 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 $2.95M. The average tenure of the management team and the board of directors is 6.8 years and 12.2 years respectively.
Key information
Doug Kennedy
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 27.4% |
| CEO tenure | 12.2yrs |
| CEO ownership | 0.5% |
| Management average tenure | 6.8yrs |
| Board average tenure | 12.2yrs |
Recent management updates
Recent updates
Peapack-Gladstone: Not A Good Pick For Value Investors
May 15Peapack-Gladstone Financial (NASDAQ:PGC) Is Due To Pay A Dividend Of $0.05
Apr 27
Increases to CEO Compensation Might Be Put On Hold For Now at Peapack-Gladstone Financial Corporation (NASDAQ:PGC)
Apr 24Peapack-Gladstone Financial goes ex dividend tomorrow
Aug 09Peapack-Gladstone Financial GAAP EPS of $1.08 beats by $0.16, revenue of $61.88M beats by $1.44M
Jul 29Peapack-Gladstone: Solid WM Offering, But High Cost Funding Source
Jan 19CEO Compensation Analysis
| 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 US market ($USD2.16M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
CEO
Doug Kennedy (67 yo)
12.2yrs
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 |
|---|---|---|---|---|
| President | 12.2yrs | US$3.00m | 0.53% $ 3.0m | |
| Senior EVP & CFO | 2.1yrs | US$675.55k | 0.039% $ 220.3k | |
| Executive VP & COO | 7.8yrs | US$911.65k | 0.042% $ 234.6k | |
| SEVP & President of Wealth Management | 10.8yrs | US$1.93m | 0.32% $ 1.8m | |
| Senior EVP & President of Commercial Banking | 5.7yrs | US$1.12m | 0.10% $ 573.2k | |
| Senior VP & Chief Accounting Officer | 8.3yrs | no data | 0.054% $ 303.3k | |
| Executive VP & Head of Investment Banking | 5.8yrs | US$618.34k | no data | |
| Executive VP | 6.8yrs | no data | no data | |
| Executive VP | 9.8yrs | no data | 0.028% $ 156.8k | |
| Assistant VP of Public Relations & Corporate Communications Manager | no data | no data | no data | |
| VP of Assistant Brand & Marketing Director | 2.9yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 6.7yrs | no data | no data |
6.8yrs
Average Tenure
63yo
Average Age
Experienced Management: PGC's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.2yrs | US$3.00m | 0.53% $ 3.0m | |
| Chairman Emeritus | no data | no data | no data | |
| Independent Director | 29.9yrs | US$87.47k | 0.42% $ 2.4m | |
| Independent Director | 24.9yrs | US$136.47k | 0.62% $ 3.5m | |
| Independent Chairman of the Board | 33.9yrs | US$324.99k | 0.77% $ 4.3m | |
| Independent Director | 10.8yrs | US$86.17k | 0.065% $ 361.9k | |
| Independent Director | 7.3yrs | US$104.47k | 0.021% $ 116.3k | |
| Independent Director | 12.2yrs | US$168.19k | 0.048% $ 266.4k | |
| Independent Director | 6.9yrs | US$206.99k | 0.041% $ 227.5k | |
| Independent Director | 7.6yrs | US$113.47k | 0.069% $ 387.8k | |
| Independent Director | 10.3yrs | US$186.00k | 0.12% $ 655.6k | |
| Independent Director | 12.2yrs | US$117.47k | 0.083% $ 463.2k |
12.2yrs
Average Tenure
68.5yo
Average Age
Experienced Board: PGC's board of directors are seasoned and experienced ( 12.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 13:40 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Peapack-Gladstone Financial Corporation is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | D.A. Davidson & Co. |
| Kevin Fitzsimmons | FIG Partners |
| Christopher Marinac | Janney Montgomery Scott LLC |