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 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 $3.38M. 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

Peapack-Gladstone: Not A Good Pick For Value Investors

May 15

Peapack-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 24

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

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 ($USD3.00M) is about average for companies of similar size in the US market ($USD3.21M).

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% $ 3.4m
Frank Cavallaro	Senior EVP & CFO	2yrs	US$675.55k	0.039% $ 252.0k
Robert Plante	Executive VP & COO	7.7yrs	US$911.65k	0.042% $ 268.3k
John Babcock	SEVP & President of Wealth Management	10.7yrs	US$1.93m	0.32% $ 2.1m
Gregory Smith	Senior EVP & President of Commercial Banking	5.6yrs	US$1.12m	0.10% $ 655.6k
Francesco Rossi	Senior VP & Chief Accounting Officer	8.2yrs	no data	0.051% $ 324.6k
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% $ 179.3k
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: PGC'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% $ 3.4m
Frank Kissel	Chairman Emeritus	no data	no data	no data
Philip Smith	Independent Director	29.8yrs	US$87.47k	0.42% $ 2.7m
Anthony Consi	Independent Director	24.8yrs	US$136.47k	0.62% $ 4.0m
F. Meyercord	Independent Chairman of the Board	33.8yrs	US$324.99k	0.77% $ 4.9m
Susan Cole	Independent Director	10.8yrs	US$86.17k	0.065% $ 413.9k
Carmen Bowser	Independent Director	7.2yrs	US$104.47k	0.021% $ 133.0k
Edward Gramigna	Independent Director	12.1yrs	US$168.19k	0.048% $ 304.7k
Steven Kass	Independent Director	6.8yrs	US$206.99k	0.041% $ 260.2k
Anthony Spinelli	Independent Director	7.5yrs	US$113.47k	0.069% $ 443.6k
Richard Daingerfield	Independent Director	10.3yrs	US$186.00k	0.12% $ 749.9k
Beth Welsh	Independent Director	12.1yrs	US$117.47k	0.083% $ 529.8k

12.1yrs

Average Tenure

68.5yo

Average Age

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

Peapack-Gladstone Financial Management

Management criteria checks 4/4

Key information

Recent management updates

SEVP & President of Wealth Management recently sold US$97k worth of stock

SEVP & President of Wealth Management recently sold US$269k worth of stock

SEVP & President of Wealth Management recently sold US$128k 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

SEVP & President of Wealth Management notifies of intention to sell stock

Insider recently sold US$111k worth of stock

Recent updates

SEVP & President of Wealth Management recently sold US$97k worth of stock

Third quarter dividend of US$0.05 announced

Price target increased by 7.6% to US$35.33

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

SEVP & President of Wealth Management recently sold US$269k worth of stock

SEVP & President of Wealth Management recently sold US$128k 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

SEVP & President of Wealth Management notifies of intention to sell stock

Price target increased by 9.2% to US$31.67

Second quarter dividend of US$0.05 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 15%

Price target decreased by 7.6% to US$29.33

Insider recently sold US$111k worth of stock

Peapack-Gladstone: Not A Good Pick For Value Investors

Consensus EPS estimates fall by 10%

Peapack-Gladstone Financial (NASDAQ:PGC) Is Due To Pay A Dividend Of $0.05

First quarter dividend of US$0.05 announced

Consensus EPS estimates fall by 24%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

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

Increases to CEO Compensation Might Be Put On Hold For Now at Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

Peapack-Gladstone Financial Corporation and Peapack Private Appoints Greg Tamberlane as Senior Vice President, Head of Commercial Bank Operations New York

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