Item 8.01 Other Events

Douglas L. Kennedy, President and Chief Executive Officer of Peapack Gladstone Financial Corporation (the "Company") and Peapack-Gladstone Bank, entered into a stock trading plan to sell 30,000 shares of common stock over a three-month period beginning on December 2, 2024, which is approximately 9% of his holdings of Company stock, including unvested restricted stock units. The trading plan is designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. In accordance with Rule 10b5-1, officers of a public company may adopt a plan for selling stock of the public company when the officer is not in possession of material, non-public information about the company.

Mr. Kennedy entered into the plan for tax and financial planning purposes. Following the completion of the plan, Mr. Kennedy is expected to hold approximately 283,110 shares of Company common stock, including 69,586 shares of restricted stock units that remain subject to the satisfaction of vesting conditions. Following the completion of the stock trading plan, Mr. Kennedy will still own the most shares of Company common stock among the Company's management and Board of Directors and will continue to maintain ownership in excess of the amount required under the Company's stock ownership guidelines. The stock transactions under the plan will be disclosed publicly through filings made with the Securities and Exchange Commission.