Peapack-Gladstone Financial Corporation

NasdaqGS:PGC Stock Report

Market Cap: US$466.1m

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 11.92 years. total yearly compensation is $3.00M, comprised of 27.4% salary and 72.6% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $2.52M. The average tenure of the management team and the board of directors is 6.5 years and 11.9 years respectively.

Key information

Doug Kennedy

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage27.4%
CEO tenure11.9yrs
CEO ownership0.5%
Management average tenure6.5yrs
Board average tenure11.9yrs

Recent management updates

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

Apr 24
Increases to CEO Compensation Might Be Put On Hold For Now at Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

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

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

Apr 24
Increases to CEO Compensation Might Be Put On Hold For Now at Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

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

Peapack-Gladstone Financial declares $0.05 dividend

Apr 27

CEO Compensation Analysis

How has Doug Kennedy's remuneration changed compared to Peapack-Gladstone Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

US$34m

Mar 31 2024n/an/a

US$39m

Dec 31 2023US$3mUS$823k

US$49m

Sep 30 2023n/an/a

US$61m

Jun 30 2023n/an/a

US$72m

Mar 31 2023n/an/a

US$79m

Dec 31 2022US$3mUS$731k

US$74m

Sep 30 2022n/an/a

US$69m

Jun 30 2022n/an/a

US$63m

Mar 31 2022n/an/a

US$57m

Dec 31 2021US$3mUS$731k

US$57m

Sep 30 2021n/an/a

US$45m

Jun 30 2021n/an/a

US$44m

Mar 31 2021n/an/a

US$38m

Dec 31 2020US$2mUS$695k

US$26m

Sep 30 2020n/an/a

US$35m

Jun 30 2020n/an/a

US$34m

Mar 31 2020n/an/a

US$37m

Dec 31 2019US$2mUS$695k

US$47m

Sep 30 2019n/an/a

US$46m

Jun 30 2019n/an/a

US$44m

Mar 31 2019n/an/a

US$45m

Dec 31 2018US$2mUS$669k

US$44m

Sep 30 2018n/an/a

US$44m

Jun 30 2018n/an/a

US$43m

Mar 31 2018n/an/a

US$39m

Dec 31 2017US$2mUS$573k

US$36m

Compensation vs Market: Doug's total compensation ($USD3.00M) is about average for companies of similar size in the US market ($USD2.40M).

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

CEO

Doug Kennedy (67 yo)

11.9yrs

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

NamePositionTenureCompensationOwnership
Douglas Kennedy
President11.9yrsUS$3.00m0.54%
$ 2.5m
Frank Cavallaro
Senior EVP & CFO1.8yrsUS$675.55k0.039%
$ 182.2k
Robert Plante
Executive VP & COO7.5yrsUS$911.65k0.042%
$ 193.9k
John Babcock
SEVP & President of Wealth Management10.5yrsUS$1.93m0.34%
$ 1.6m
Gregory Smith
Senior EVP & President of Commercial Banking5.4yrsUS$1.12m0.10%
$ 473.9k
Francesco Rossi
Senior VP & Chief Accounting Officer8yrsno data0.050%
$ 234.6k
Eric Waser
Executive VP & Head of Investment Banking5.5yrsUS$618.34kno data
Kevin Runyon
Executive VP6.5yrsno datano data
Maureen Hemhauser
Executive VP9.6yrsno data0.028%
$ 129.6k
Rosanne Schwab
Assistant VP of Public Relations & Corporate Communications Managerno datano datano data
Karen Rosner
VP of Assistant Brand & Marketing Director2.7yrsno datano data
Brydget Falk-Drigan
Executive VP & Chief Human Resources Officer6.4yrsno datano data

6.5yrs

Average Tenure

63yo

Average Age

Experienced Management: PGC's management team is seasoned and experienced (6.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Douglas Kennedy
President11.9yrsUS$3.00m0.54%
$ 2.5m
Frank Kissel
Chairman Emeritusno datano datano data
Philip Smith
Independent Director29.7yrsUS$87.47k0.42%
$ 2.0m
Anthony Consi
Independent Director24.7yrsUS$136.47k0.62%
$ 2.9m
F. Meyercord
Independent Chairman of the Board33.7yrsUS$324.99k0.76%
$ 3.6m
Susan Cole
Independent Director10.6yrsUS$86.17k0.064%
$ 299.2k
Carmen Bowser
Independent Director7yrsUS$104.47k0.021%
$ 96.1k
Edward Gramigna
Independent Director11.9yrsUS$168.19k0.047%
$ 220.2k
Steven Kass
Independent Director6.7yrsUS$206.99k0.040%
$ 188.1k
Anthony Spinelli
Independent Director7.3yrsUS$113.47k0.069%
$ 320.6k
Richard Daingerfield
Independent Director10.1yrsUS$186.00k0.12%
$ 542.0k
Beth Welsh
Independent Director11.9yrsUS$117.47k0.082%
$ 382.9k

11.9yrs

Average Tenure

68.5yo

Average Age

Experienced Board: PGC's board of directors are seasoned and experienced ( 11.9 years average tenure).