Banking
Peapack Gladstone Financial Executive Compensation (FY25)
PGC · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 30, 2026
263 figures on this page: 252 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Douglas Kennedy: $2,699,356 → $3,479,531 (28.9% higher)
Say-on-pay support: 73.5% → 70.3% (3.2 points lower)
CEO pay ratio: 23:1 → 31:1 (34.8% higher)
Frequently asked questions
Answers drawn from the data on this page.
What was Peapack Gladstone Financial's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 70.3% of votes cast for or against in favor at the meeting held April 29, 2026.
Which companies are in Peapack Gladstone Financial's peer group?
The disclosed peer group names Amerant Bancorp Inc., Arrow Financial Corp., Berkshire Hills Bancorp, Inc., Capital Bancorp, Inc. and ConnectOne Bancorp, Inc., among others.
What is Peapack Gladstone Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 31:1, against median employee compensation of $113,822.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Douglas Kennedy President & CEO of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
John Babcock Senior Executive Vice President of Peapack-Gladstone and President of Private Wealth Management | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Robert Plante Executive Vice President and Chief Operating Officer of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Frank Cavallaro Senior Executive Vice President and CFO of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Douglas Kennedy President & CEO of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
John Babcock Senior Executive Vice President of Peapack-Gladstone and the Bank and President of Private Wealth Management | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Gregory Smith Senior Executive Vice President of Peapack-Gladstone and the Bank, President of Commercial Banking | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Frank Cavallaro Senior Executive Vice President and CFO of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Plante Executive Vice President and Chief Operating Officer of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Douglas Kennedy President & CEO of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
John Babcock Senior Executive Vice President of Peapack-Gladstone and the Bank and President of Private Wealth Management | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Frank Cavallaro Senior Executive Vice President and CFO of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Gregory Smith Senior Executive Vice President of Peapack-Gladstone and the Bank, President of Commercial Banking | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Plante Executive Vice President and Chief Operating Officer of Peapack-Gladstone and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Douglas L. Kennedy | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Frank A. Cavallaro | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Gregory M. Smith | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John P. Babcock | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Robert A. Plante | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Babcock | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Gregory Smith | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Frank Cavallaro | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Douglas Kennedy | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Robert Plante | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
F. Duffield Meyercord Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Steven A. Kass | ◇ | ◇ | — | — | — | — | ◇ |
Richard Daingerfield | ◇ | ◇ | — | — | — | — | ◇ |
Edward A. Gramigna, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Anthony J. Consi, II | ◇ | ◇ | — | — | — | — | ◇ |
Beth Welsh | ◇ | ◇ | — | — | — | — | ◇ |
Patrick J. Mullen | ◇ | ◇ | — | — | — | — | ◇ |
Tony Spinelli | ◇ | ◇ | — | — | — | — | ◇ |
Patrick M. Campion | ◇ | ◇ | — | — | — | — | ◇ |
Carmen M. Bowser | ◇ | ◇ | — | — | — | — | ◇ |
Susan A. Cole | ◇ | ◇ | — | — | — | — | ◇ |
Peter D. Horst | ◇ | ◇ | — | — | — | — | ◇ |
Philip W. Smith, III | ◇ | ◇ | — | — | — | — | ◇ |
Douglas L. Kennedy, Ellen C. Walsh and Diane D'Erasmo served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Audit committee chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Amerant Bancorp Inc. AMTB
- Arrow Financial Corp. AROW
- Berkshire Hills Bancorp, Inc. BBT
- Capital Bancorp, Inc. CBNK
- ConnectOne Bancorp, Inc. CNOB
- Dime Community Bancshares, Inc. DCOM
- Eagle Bancorp, Inc. EGBN
- Enterprise Bancorp, Inc. EBTC
- Flushing Financial Corp. FFIC
- Kearny Financial Corp. KRNY
- MetroCity Bankshares Inc. MCBS
- Metropolitan Bank Holding Corp. MCB
- Northfield Bancorp (Staten Island) NFBK
- OceanFirst Financial Corp. OCFC
- Orrstown Financial Services ORRF
- Sandy Spring Bancorp Inc. SASR
- Stock Yards Bancorp Inc. SYBT
- Tompkins Financial Corp. TMP
- Univest Financial Corp. UVSP
- Washington Trust Bancorp, Inc. WASH
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 29, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 29, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 30, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 2, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 3, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 4, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 5, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 30, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 9, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 25, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 26, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Peapack Gladstone Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Peapack Gladstone Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
263 figures on this page: 252 cited to the filing that reported them, 11 calculated from figures it prints.
252 cited to the filing
11 calculated from the filing
Documents cited
- 0001193125-26-195221Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-26-108191CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
- 0000950170-25-060851Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000950170-25-042474Summary Compensation Table
- 0000950170-24-051065Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000950170-24-032103Summary Compensation Table
- 0000950170-23-016995Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-22-017778Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-21-023232Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-20-021582Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-19-015517Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001174947-18-000783Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001174947-17-000679Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001174947-16-002565Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Peapack Gladstone Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/PGC (accessed 2026).
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Peers Peapack Gladstone Financial discloses
The companies named in PGC's own disclosed peer group.
Amerant Bancorp Inc.Arrow Financial Corp.Berkshire Hills Bancorp, Inc.Capital Bancorp, Inc.ConnectOne Bancorp, Inc.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.Flushing Financial Corp.Kearny Financial Corp.MetroCity Bankshares Inc.Metropolitan Bank Holding Corp.Northfield Bancorp (Staten Island)OceanFirst Financial Corp.Orrstown Financial ServicesStock Yards Bancorp Inc.Tompkins Financial Corp.Univest Financial Corp.Washington Trust Bancorp, Inc.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}