# EDGAR Filing Document

**Accession Number:** 0001050743
**File Stem:** 0000943374-25-000315
**Filing Date:** 2025-6
**Character Count:** 77867
**Document Hash:** f31cc227c091fed252b9814ecc6d0782
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000943374-25-000315.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0000943374-25-000315

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 8

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**EFFECTIVENESS DATE**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PEAPACK GLADSTONE FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001050743
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 223537895
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288422
- **FILM NUMBER:** 251091931

**BUSINESS ADDRESS:**
- **STREET 1:** 500 HILLS DRIVE
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921
- **BUSINESS PHONE:** 9082340700

**MAIL ADDRESS:**
- **STREET 1:** 500 HILLS DRIVE
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921

**Registration No. 333-**

#### As filed with the Securities and Exchange Commission on June 30, 2025

#### <br>
**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_________________________

#### FORM S-8

#### <br>

#### REGISTRATION STATEMENT

#### UNDER

#### THE SECURITIES ACT OF 1933

#### <br>

#### Peapack-Gladstone Financial Corporation
(Exact Name of Registrant as Specified in its Charter)

---

| | |
|:---|:---|
| **New Jersey** | **22-3537895** |
| (State or Other Jurisdiction of | (I.R.S. Employer Identification No.) |
| Incorporation or Organization) |  |

---

#### 500 Hills Drive, Suite 300

#### Bedminster, New Jersey 07921
(Address of Principal Executive Offices)

**** 

<br> **Peapack-Gladstone Financial Corporation** 

**2025 Long-Term Incentive Plan**

(Full Title of the Plan)

Copies to:

---

| | |
|:---|:---|
| Frank A. Cavallaro | Lawrence M.F. Spaccasi, Esq. |
| Chief Financial Officer | Scott A. Brown, Esq. |
| Peapack-Gladstone Financial Corporation | Luse Gorman, PC |
| 500 Hills Drive, Suite 300 | 5335 Wisconsin Ave., N.W., Suite 780 |
| Bedminster, New Jersey 07291 | Washington, DC 20015-2035 |
| (908) 234-0700 | (202) 274-2000 |
| (Name, Address and Telephone |  |
| Number of Agent for Service) |  |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Securities Exchange Act of 1934, as amended:

Large accelerated filer ☐ Accelerated filer ⌧ <br> Non-accelerated filer ☐ Smaller reporting company☐ <br> Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

**Items 1 and 2. Plan Information; and Registrant Information and Employee Plan Annual Information**

The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to participants in the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan (the "Plan") as specified by Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act").

Such documents are not being filed with the Commission but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.

**PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference**

The following documents previously filed by Peapack-Gladstone Financial Corporation (the "Company") with the Commission under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are incorporated herein by reference (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of Form 8-K, unless otherwise indicated therein, including any exhibits included with such items):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company's [Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1050743/000095017025037821/0000950170-25-037821-index.htm) for the year ended December 31, 2024, filed with the Commission on March 12, 2025 (File No. 001-16197) pursuant to Section 13(a) of the Exchange Act (including information specifically incorporated by reference therein from the Company's [definitive proxy statement on Schedule 14A](https://www.sec.gov/Archives/edgar/data/1050743/000095017025042474/0000950170-25-042474-index.htm), filed on March 20, 2025);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company's [Quarterly Report on Form 10-Q](https://www.sec.gov/Archives/edgar/data/1050743/000095017025067615/0000950170-25-067615-index.htm) for the quarter ended March 31, 2025, filed with the Commission on May 9, 2025 (File No. 001-16197);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company's [Current Report on Form 8-K](https://www.sec.gov/Archives/edgar/data/1050743/000095017025060851/0000950170-25-060851-index.htm) filed with the Commission on April 30, 2025 (File No. 001-16197); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The description of the Company's common stock contained in the Company's [Registration Statement on Form 8-A/A](https://www.sec.gov/Archives/edgar/data/1050743/000091431708002204/0000914317-08-002204-index.htm) (Amendment No. 1) filed with the Commission on August 18, 2008 (File No. 001-16197), as updated by Exhibit 4.E to the [Company's Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1050743/000156459020010802/0001564590-20-010802-index.htm) for the year ended December 31, 2019 (File No. 001-16197), filed with the Commission on March 13, 2020, including any amendment or report filed for the purpose of updating such information.

All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the date hereof, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a part thereof from the date of the filing of such documents.

Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein shall be deemed to be modified or superseded for purposes of this Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein or therein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the prospectus.

All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the detailed information, including financial statements, appearing in the documents incorporated herein or therein by reference.

------

#### Item 4. Description of Securities
Not applicable.

#### Item 5. Interests of Named Experts and Counsel
None.

#### Item 6. Indemnification of Directors and Officers
*Indemnification*. Article VI of the Company's certificate of incorporation provides that, unless expressly prohibited by law, the Company shall indemnify a director or officer of the Company or of a subsidiary of the Company against his reasonable expenses and all liabilities in connection with any proceeding involving that director or officer of the Company or a wholly-owned subsidiary of the Company, including a proceeding by or in the right of the Company or its wholly-owned subsidiary, unless such breach of duty is based on an act or omission (a) in breach of such person's duty of loyalty to the Company or its shareholders; (b) not in good faith or involving a knowing violation of law; or (c) resulting in receipt by such person of an improper personal benefit. The Company shall advance or pay those reasonable expenses incurred by such director or officer in a proceeding as and when incurred, provided, however, that the director or officer shall, as a condition to receipt of such advances, undertake to repay all amounts advanced if it shall finally be adjudicated that the breach of duty by the director or officer was based upon an act or omission (a) in breach of such person's duty of loyalty to the Company (and/or its subsidiary) or its shareholders; (b) not in good faith or involving a knowing violation of law; or (c) resulting in receipt by such person of an improper personal benefit.

The New Jersey Business Corporation Act empowers a corporation to indemnify a corporate agent against his expenses and liabilities incurred in connection with any proceeding (other than a derivative lawsuit) involving the corporate agent by reason of his being or having been a corporate agent if (a) the agent acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and (b) with respect to any criminal proceeding, the corporate agent had no reasonable cause to believe his conduct was unlawful. For purposes of the Act, the term "corporate agent" includes any present or former director, officer, employee or agent of the corporation, and a person serving as a "corporate agent" at the request of the corporation for any other enterprise.

With respect to any derivative action, the corporation is empowered to indemnify a corporate agent against his expenses (but not his liabilities) incurred in connection with any proceeding involving the corporate agent by reason of his being or having been a corporate agent if the agent acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation. However, only the court in which the proceeding was brought can empower a corporation to indemnify a corporate agent against expenses with respect to any claim, issue or matter as to which the agent was adjudged liable for negligence or misconduct.

The corporation may indemnify a corporate agent in a specific case if a determination is made by any of the following that the applicable standard of conduct was met: (i) the board of directors, or a committee thereof, acting by a majority vote of a quorum consisting of disinterested directors; (ii) by independent legal counsel, if there is not a quorum of disinterested directors or if the disinterested quorum empowers counsel to make the determination; or (iii) by the shareholders.

A corporate agent is entitled to mandatory indemnification to the extent that the agent is successful on the merits or otherwise in any proceeding, or in defense of any claim, issue or matter in the proceeding. If a corporation fails or refuses to indemnify a corporate agent, whether the indemnification is permissive or mandatory, the agent may apply to a court to grant him the requested indemnification. In advance of the final disposition of a proceeding, the corporation may pay an agent's expenses if the agent agrees to repay the expenses unless it is ultimately determined he is entitled to indemnification.

*Exculpation.* Article VI of the Company's certificate of incorporation provides that no director or officer of the Company, or of a subsidiary of the Company, shall be personally liable to the Company or to its shareholders for damages for breach of any duty owed to the Company or its shareholders unless such breach of duty is based on an act or omission (a) in breach of such person's duty of loyalty to the Company (and/or its subsidiary) or its shareholders;

------

(b) not in good faith or involving a knowing violation of law; or (c) resulting in receipt by such person of an improper benefit.

*Insurance.* The Company maintains insurance policies insuring the Company's directors and officers against liability for wrongful acts or omissions arising out of their positions as directors and officers, subject to certain limitations.

#### Item 7. Exemption From Registration Claimed.

Not applicable.

#### Item 8. List of Exhibits.

---

| | |
|:---|:---|
| Regulation S-K<br> Exhibit Number | Document |
| [4.1](https://www.sec.gov/Archives/edgar/data/1050743/000091431709002063/ex3.htm) | [Certificate of Incorporation of Peapack-Gladstone Financial Corporation (incorporated by reference to Exhibit 3 of the Company's Form 10-Q Quarterly Report filed on November 9, 2009 (File No. 001-16197))](https://www.sec.gov/Archives/edgar/data/1050743/000091431709002063/ex3.htm) |
| [4.2](https://www.sec.gov/Archives/edgar/data/1050743/000094337423000151/ex3-2.htm) | [Bylaws of Peapack-Gladstone Financial Corporation (incorporated by reference to Exhibit 3.2 of the Company's Form 8-K Current Report filed on March 23, 2023 (File No. 001-16197))](https://www.sec.gov/Archives/edgar/data/1050743/000094337423000151/ex3-2.htm) |
| [5](ex5-s8063025.htm) | [Opinion of Luse Gorman, PC](ex5-s8063025.htm) |
| [10.1](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001050743/000095017025042474/pgc-20250320.htm) | [Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan (incorporated by reference to Appendix A to the proxy statement for the Annual Meeting of Shareholders of Peapack-Gladstone Financial Corporation, filed under the Exchange Act on March 20, 2025 (File No. 001-16197))](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001050743/000095017025042474/pgc-20250320.htm) |
| [10.2](ex10-2_s8063025.htm) | [Form of Restricted Stock Unit Agreement (for Non-Employee Directors)](ex10-2_s8063025.htm) |
| [10.3](ex10-3_s8063025.htm) | [Form of Restricted Stock Unit Agreement (for Employees)](ex10-3_s8063025.htm) |
| [10.4](ex10-4_s8063025.htm) | [Form of Performance Restricted Stock Unit Agreement (for Employees)](ex10-4_s8063025.htm) |
| [23.1](ex5-s8063025.htm) | [Consent of Luse Gorman, PC (contained in Exhibit 5)](ex5-s8063025.htm) |
| [23.2](ex23-2_s8063025.htm) | [Consent of Crowe LLP (Independent Registered Public Accounting Firm)](ex23-2_s8063025.htm) |
| [24](#POWEROFATTORNEY) | [Power of Attorney (contained on signature page)](#POWEROFATTORNEY) |
| [107](ex107_s8063025.htm) | [Filing Fee Table](ex107_s8063025.htm) |

---

**Item 9.** **Undertakings**<br>

The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. To file, during any period in which offers or sales are being made, a post-effective amendment to the Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate,

------

represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (Section 230.424(b)) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Filing Fees" table in the effective registration statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;

provided, however, that paragraphs 1(i) and 1(ii) above do not apply if the information required to be included in a post-effective amendment by these paragraphs is contained in reports filed with or furnished to the Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. That, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

#### SIGNATURES

**The Registrant.** Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Bedminster, State of New Jersey, on the 30<sup>th</sup> day of June, 2025.

---

| | |
|:---|:---|
| | **PEAPACK-GLADSTONE FINANCIAL CORPORATION**<br>|
| By : | /s/ Douglas L. Kennedy  |
| | Douglas L. Kennedy |
|  | President and Chief Executive Officer |
|  | (Duly Authorized Representative) |

---

#### POWER OF ATTORNEY

We, the undersigned directors and officers of Peapack-Gladstone Financial Corporation (the "Company") hereby severally constitute and appoint Douglas L. Kennedy and Frank A. Cavallaro, and each of them, as our true and lawful attorneys and agents, to do any and all things in our names in the capacities indicated below which said Douglas L. Kennedy and Frank A. Cavallaro may deem necessary or advisable to enable the Company to comply with the Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with the registration of shares of common stock to be issued under the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration statement and any and all amendments (including post-effective amendments) thereto; and we hereby approve, ratify and confirm all that said Douglas L. Kennedy and Frank A. Cavallaro shall do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| Signatures | Title | Date |
| /s/ Douglas L. Kennedy | President, Chief Executive Officer and Director | June 30, 2025 |
| Douglas L. Kennedy | (Principal Executive Officer) |  |
| /s/ Frank A. Cavallaro | Senior Executive Vice President and Chief Financial Officer | June 30, 2025 |
| Frank A. Cavallaro | (Principal Financial Officer) |  |
| /s/ Francesco S. Rossi | Senior Vice President and Chief | June 30, 2025 |
| Francesco S. Rossi | Accounting Officer (Managing Principal) |  |
| /s/ F. Duffield Meyercord | Chairman of the Board | June 30, 2025 |
| F. Duffield Meyercord |  |  |

---

------

---

| | | |
|:---|:---|:---|
| Signatures | Title | Date |
| /s/ Carmen M. Bowser | Director | June 30, 2025 |
| Carmen M. Bowser |  |  |
| /s/ Patrick M. Campion | Director | June 30, 2025 |
| Patrick M. Campion |  |  |
| /s/ Susan A. Cole | Director | June 30, 2025 |
| Susan A. Cole |  |  |
| /s/ Anthony J. Consi | Director | June 30, 2025 |
| Anthony J. Consi |  |  |
| /s/ Richard Daingerfield | Director | June 30, 2025 |
| Richard Daingerfield |  |  |
| /s/ Edward A. Gramigna, Jr. | Director | June 30, 2025 |
| Edward A. Gramigna, Jr. |  |  |
| /s/ Peter D. Horst | Director | June 30, 2025 |
| Peter D. Horst |  |  |
| /s/ Steven A. Kass | Director | June 30, 2025 |
| Steven A. Kass |  |  |
| /s/ Patrick J. Mullen | Director | June 30, 2025 |
| Patrick J. Mullen |  |  |
| /s/ Philip W. Smith, III | Director | June 30, 2025 |
| Philip W. Smith, III |  |  |
| /s/ Tony Spinelli | Director | June 30, 2025 |
| Tony Spinelli |  |  |
| /s/ Beth Welsh | Director | June 30, 2025 |
| Beth Welsh |  |  |

---

## Ex-5

#### EXHIBIT 5

#### LUSE GORMAN, PC

#### ATTORNEYS AT LAW

#### 5335 WISCONSIN AVENUE, N.W., SUITE 780

#### WASHINGTON, D.C. 20015

#### TELEPHONE (202) 274-2000

#### FACSIMILE (202) 362-2902
www.luselaw.com

June 30, 2025

Board of Directors

Peapack-Gladstone Financial Corporation

500 Hills Drive, Suite 300

Bedminster, New Jersey 07921

---

| | |
|:---|:---|
| **Re:** | **Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan**<br> **Registration Statement on Form S-8**  |

---

Ladies and Gentlemen:

You have requested the opinion of this firm as to certain matters in connection with the registration of 857,830 shares of common stock, no par value (the "Shares"), of Peapack-Gladstone Financial Corporation (the "Company") to be issued pursuant to the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan (the "Plan").

In rendering the opinion expressed herein, we have examined originals or copies, certified or otherwise identified to our satisfaction of the following: (i) the Company's Registration Statement on Form S-8 (the "Form S-8") to be filed with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Act"), on the date hereof; (ii) the Certificate of Incorporation of the Company, as currently in effect; (iii) the Amended and Restated Bylaws of the Company, as currently in effect; (iv) the Plan; (v) certain actions taken by the board of directors of the Company relating to the approval of the Plan, the filing of the Registration Statement, and certain related matters; and (vi) applicable statutes and regulations governing the Company. We have assumed the authenticity, accuracy and completeness of all documents in connection with the opinion expressed herein. We have also assumed the legal capacity and genuineness of the signatures of persons signing all documents in connection with which the opinions expressed herein are rendered.

Based on the foregoing, we are of the following opinion:

Following the effectiveness of the Form S-8, the Shares of the Company, when issued in accordance with the terms and conditions of the Plan, will be legally issued, fully paid and non-assessable.

This opinion has been prepared solely for the use of the Company in connection with the preparation and filing of the Form S-8 and shall not be used for any other purpose or relied upon by any other person without the prior express written consent of this firm. We hereby consent to the use of this opinion in the Form S-8. By giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Act.

---

| |
|:---|
| Very truly yours, |
| <u>/s/ Luse Gorman, PC</u> |
| LUSE GORMAN, PC |

---

## Exhibit 10.2

**EXHIBIT 10.2**<br>

#### Restricted Stock Unit Award Agreement

Granted by

#### PEAPACK-GLADSTONE FINANCIAL CORPORATION

under the

#### 2025 LONG-TERM INCENTIVE PLAN

This Restricted Stock Unit Award Agreement ("**Agreement**") is and shall be subject in every respect to the provisions of the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan (the "**Plan**") of Peapack-Gladstone Financial Corporation (the "**Company**") which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided to each person ("**Grantee**") granted a Restricted Stock Unit Award ("**Restricted Stock Unit Award**") pursuant to the Plan. The Grantee of this Restricted Stock Unit Award hereby accepts this Restricted Stock Unit Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan ("**Committee**") or the Board of Directors shall be final, binding and conclusive upon the Grantee and the Grantee's heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term "Company" shall include the parent and all present and future subsidiaries of the Company as defined in Section 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended from time to time (the "**Code**"). Capitalized terms used herein but not defined shall have the same meaning as in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Name of Grantee**:
 ____________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Date of Grant :
 ____________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Total number of Restricted Stock Units covered by the Restricted Stock Unit Award**:
 ____________________________________________

(Subject to adjustment pursuant to Section 9 below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Vesting Schedule**. Except as otherwise provided in this Agreement, this Restricted Stock Unit Award will
 become one-hundred percent (100%) cliff vested on [______] (and 0% vested before that date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Grant of Restricted Stock Unit Award**.

The Restricted Stock Unit Award is an Award denominated in shares of Stock, except that no shares of Stock are actually awarded to the Grantee on the Date of Grant. The Restricted Stock Units will be credited to the Grantee's account, subject to the terms of the Plan and this Agreement. The Committee shall impose any conditions or restrictions on any Restricted Stock Unit Awards as it may deem advisable, including purchase price, time-

------

based restrictions, or holding requirements or sale restrictions. A Restricted Stock Unit Award will be settled in shares of the Company's Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Terms and Conditions.** **** 

<br> ---

| | |
|:---|:---|
| 6.1 | <u>Dividend Equivalent Rights</u>. Subject to the restrictions, limitations and conditions described in the Plan and/or this Agreement, Restricted Stock Units will earn dividend equivalent rights during the vesting period at the rate of dividends per share paid by the Company on the Company's Stock. Dividend equivalent rights will be accrued but not paid until the Restricted Stock Units are earned, vested and issued. Dividend equivalent rights will be forfeited if the Restricted Stock Units are forfeited.<br>|

---

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| | |
|:---|:---|
| 6.2 | <u>No Voting Rights</u>. The Grantee shall not be entitled to vote the Restricted Stock Units granted hereunder.<br>|

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**7.** **Accelerated Vesting on Change in Control, Death or Disability.** **** 

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| | |
|:---|:---|
| 7.1 | In the event of the Grantee's Involuntary Termination at or following a Change in Control (including a resignation for "Good Reason"), all Restricted Stock Unit Awards held by the Grantee will become fully vested. In addition, in the event a successor entity does not assume outstanding Awards granted under the Plan following a Change in Control, such Awards will vest in full. |

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<br> 7.2 In the event of the Grantee's death or Disability during the vesting period, the Grantee (or the Grantee's beneficiary, as applicable) shall become fully vested in all outstanding Restricted Stock Unit Awards subject to this Agreement.

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| | |
|:---|:---|
| 7.3 | In the event that a Grantee: (i) fails to seek re-election to the Board of Directors, or (ii) seeks re-election to the Board of Directors and is not re-elected during the vesting period, all Restricted Stock Unit Awards granted to a Grantee that have not vested will expire and be forfeited as of the date of the applicable Company stockholder meeting.<br>|

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<br> 7.4 Other than as set forth in <u>Sections 7.1, 7.2 and 7.3</u> above, no Restricted Stock Unit Award will vest in less than the one (1) year from the date of grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Effect of Other Terminations of Service on Award.** 

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| | |
|:---|:---|
| 8.1 | <u>Termination by the Company for Cause</u>. In the event Grantee's service with the Company is terminated by the Company for "**Cause**" all unvested Restricted Stock Units shall be forfeited by Grantee as of the date of Grantee's termination (the "**Termination Dat**e").<br>|

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| | |
|:---|:---|
| 8.2 | <u>Termination by Grantee</u>. If Grantee terminates Service prior to the last vesting date set forth in <u>Section 4</u> above for any reason not set forth in this <u>Section 8</u> or <u>Section 7</u> above, all remaining Restricted Stock Units will be forfeited. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.** **Adjustment Provisions.** 

This Restricted Stock Unit Award, including the number of shares subject to the Restricted Stock Unit Award will be adjusted upon the occurrence of the events specified in, and in accordance with the provisions of, Section 3.4(a) of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.** **Miscellaneous.** 

<br> 10.1 This Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and the Grantee. <br>

<br> 10.2 This Restricted Stock Unit Award shall be governed by and construed in accordance with the laws of the State of New Jersey, without regard to its principles of conflicts of laws, except as superseded by federal law. <br>

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| | |
|:---|:---|
| 10.3 | This Restricted Stock Unit Award is subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Company will not be obligated to issue any shares of Common Stock hereunder if the issuance of such shares would constitute a violation of any such law, regulation or order or any provision thereof.<br>|

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<br> 10.4 The granting of this Restricted Stock Unit Award does not confer upon the Grantee any right to be retained in the employ of the Company or any subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.** **Section 409A of the Code.** **** <br> **It is the intention of the parties that the provisions of this Agreement comply with the requirements of Section 409A of the Code and Treasury Regulations thereunder, to the extent applicable.** 

[Signature Page Follows]

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**IN WITNESS WHEREOF,** the Company has caused this instrument to be executed in its name and on its behalf as of the date of grant of this Restricted Stock Unit Award set forth above.

#### PEAPACK-GLADSTONE FINANCIAL CORPORATION

By: ______________________________________

#### GRANTEE'S ACCEPTANCE
The undersigned hereby accepts the foregoing Restricted Stock Unit Award and agrees to the terms and conditions hereof, including the terms and provisions of the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan. The undersigned hereby acknowledges receipt of a copy of the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan and related Prospectus.

#### GRANTEE

#### <br>

#### ___________________________________________<br>

## Exhibit 10.3

**EXHIBIT 10.3**<br>

#### RESTRICTED STOCK UNIT AWARD AGREEMENT

Granted by

#### PEAPACK-GLADSTONE FINANCIAL CORPORATION

under the

#### 2025 LONG-TERM INCENTIVE PLAN

This Restricted Stock Unit Agreement ("**Restricted Stock Unit Award**" or "**Agreement**") is and will be subject in every respect to the provisions of the 2025 Long-Term Incentive Plan (the "**Plan**") of Peapack-Gladstone Financial Corporation (the "**Corporation**") which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. The awards issued hereunder shall be referred to as "**Restricted Stock Units**." A copy of the Plan and related prospectus have been provided or made available to each person granted a Restricted Stock Unit Award pursuant to the Plan. The holder of this Restricted Stock Unit Award (the "**Participant**") hereby accepts this Restricted Stock Unit Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee appointed to administer the Plan ("**Committee**") or the Board of Directors (the "**Board**") will be final, binding and conclusive upon the Participant and the Participant's heirs, legal representatives, successors and permitted assigns. The Restricted Stock Units shall vest and become payable in shares of Stock of the Corporation according to the vesting schedule described below, subject to earlier expiration or termination of the Restricted Stock Units, as provided in this Agreement. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Name of Participant**:__________________________<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Name of Participant**:__________________________<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Total number of Restricted Stock Units covered by this Agreement**:
 (Each Restricted Stock Unit granted is equivalent to the Fair Market Value of one share of the Corporation ()"**Stock** "))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Vesting of Restricted Stock Units.** 

<br> 4.1 *General Vesting*. Except as otherwise provided in this Agreement, this Restricted Stock Unit first becomes earned in accordance with the vesting schedule specified herein.

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| | |
|:---|:---|
|  **Vesting Date** | **Vested Portion of Award** |

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<br> 4.2 *Accelerated Vesting Due to Certain Events*. As set forth in Section 9 of this Agreement, vesting will automatically accelerate pursuant to Sections 2.7 and 4.1 of

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the Plan, in the event of death, Disability or Involuntary Termination at or following a Change in Control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.** **Delivery of Earned Shares Following Vesting Date.** Subject to the
 other terms of this Agreement and the terms of the Plan, any Restricted Stock Units that vest will be paid to the Participant solely in whole shares of Stock (and not in cash, as the Plan permits), generally within ten (10) days following the
 applicable vesting date, or as soon as practicable after such vesting date, but in any event, within the period ending on the later to occur of the date that is two and one-half months from the end of (i) the Participant's tax year that
 includes the applicable vesting date or (ii) the Corporation tax year that includes the applicable vesting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Terms and Conditions.** 

<br> 6.1 Dividend Equivalent Rights. If set forth in the Committee's grantresolutions and noted by marking "x" in the box below, Dividend Equivalent Rights

[ ] will [ ] will not

be paid on the Restricted Stock Units. If Dividend Equivalent Rights are to be paid on the Restricted Stock Units, any such Dividend Equivalent Rights shall be credited by the Corporation to an account for the Participant and accumulated, with interest for each calendar year (or portion thereof) at an annual rate equal to the dividend yield rate for the immediately preceding calendar year, until the date upon which the underlying Restricted Stock Units become vested or are earned. In the event any Restricted Stock Units are forfeited such Dividend Equivalents credited to the Participant with respect to such forfeited Restricted Stock Units and any interest accrued thereon shall be forfeited to the Corporation, and the Participant shall have no rights and the Corporation shall have no liability as to such Dividend Equivalents or interest.

<br> 6.2 Voting Rights. The Participant will have no voting right with respect to any Restricted Stock Units granted hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.** **Code Section 409A.** The Restricted Stock Unit Award and payments
 made pursuant to this Agreement and the Plan are intended to satisfy the "short-term deferral" rule set forth in Code Section 409A and the regulations of the United States Treasury Department issued thereunder ()"**Treasury Regulations** "). Notwithstanding any other provision in this Agreement or the Plan, the Corporation, to the extent it deems necessary or advisable in its sole
 discretion, reserves the right, but shall not be required, to unilaterally amend or modify this Agreement and/or the Plan so that the Restricted Stock Units granted to the Participant qualify for exemption from or comply with Code
 Section 409A; provided, however, that the Corporation makes no representations that the Restricted Stock Units shall be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to the
 Restricted Stock Units. Nothing in this Agreement or the Plan shall provide a basis for any person to take action against the Corporation or any affiliate based on matters covered by Code Section 409A, including the tax treatment of any
 amount paid or payable or Award made under this Agreement, and neither the Corporation

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nor any of its affiliates shall under any circumstances have any liability to any Participant or his or her estate or any other party for any taxes, penalties or interest imposed under Code Section 409A for any amounts paid or payable under this Agreement.

If this Award fails to satisfy the requirements of the short-term deferral rule and is otherwise not exempt from, and therefore deemed to be deferred compensation subject to, Code Section 409A, and if the Participant is a "Specified Employee" (within the meaning set forth Code Section 409A(a)(2)(B)(i)) as of the date of the Participant's separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)), then the issuance of any shares that would otherwise be made upon the date of the separation from service or within the first six months thereafter will not be made on the originally scheduled dates and will instead be issued in a lump sum on the date that is six months and one day after the date of the separation from service, with the balance of the shares issued thereafter in accordance with the original vesting and issuance schedule set forth in this Agreement, but if and only if such delay in the issuance of the shares is necessary to avoid the imposition of taxation under Code Section 409A. Each installment of shares that vests is a "separate payment" for purposes of Treasury Regulation Section 1.409A-2(b)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Adjustment Provisions.** This Restricted Stock Unit Award,
 including the total number of shares subject to this Agreement, will be adjusted upon the occurrence of the events specified in, and in accordance with the provisions of, Section 3.4 of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.** **Effect of Termination of Service on Restricted Stock Unit Award**.

<br> 9.1 Upon the Participant's Termination of Service, this Restricted Stock Unit Award will vest as follows: <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **Death**. In the event of the Participant's Termination of Service by reason of death, any unvested Restricted Stock Units subject to this Agreement will immediately vest. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **Disability**. In the event of the Participant's Termination of Service by reason of Disability, any unvested Restricted Stock Units subject to this Agreement will immediately vest. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **Retirement**. Unless otherwise determined pursuant to a Retirement Transition Agreement between the Corporation and the Participant (which shall constitute an amendment to this Agreement), in the event of the Participant's Termination of Service by reason of Retirement, any unvested Restricted Stock Units subject to this Agreement will expire and be forfeited as of the date of the Termination of Service. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) **Change in Control**. In the event of the Participant's Involuntary Termination of Service at or following a Change in Control, any unvested Restricted Stock Units subject to this Agreement will immediately vest. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) **Termination for Cause***.* In the event of the Participant's Termination of Service for Cause, any unvested Restricted Stock Units subject to this

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<br> Agreement will expire and be forfeited as of the date of the Termination of Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) **Other Termination***.* In the event of the Participant's Termination of Service for any reason other than due to death, Disability or for Cause or an Involuntary Termination of Service at or following a Change in Control, any Restricted Stock Units subject to this Agreement will expire and be forfeited as of the date of the Termination of Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.** **Electronic Delivery.** The Corporation may, in its sole
 discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan
 through an online or electronic system established and maintained by the Corporation or another third party designated by the Corporation.

**11.** **Miscellaneous**.

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| | |
|:---|:---|
| 11.1 | *No Rights to Continued Employment or Service*. This Agreement and the grant of Restricted Stock Units hereunder shall not confer, or be construed to confer, upon the Participant any right to employment or service, or continued employment or service, with the Corporation or any subsidiary. |

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| | |
|:---|:---|
| 11.2 | *No Rights as Shareholder*. Except as provided in this Agreement, the Participant will not have dividend, voting or any other rights as a shareholder of the shares of Stock with respect to the Restricted Stock Units. Upon payment of the vested Restricted Stock Units in shares of Stock, the Participant will obtain full dividend, voting and other rights as a shareholder of the Corporation. |

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| | |
|:---|:---|
| 11.3 | *Tax Withholding*. To the extent applicable, the Corporation shall collect federal, state and local income taxes and the Employee portion of the Federal Insurance Contributions Act ("**FICA**") taxes (i.e., Social Security and Medicare) with respect to the Restricted Stock Units at the time that both of the following conditions are first satisfied: (i) the underlying Restricted Stock Units vest and (ii) Stock and/or cash is distributed to the Participant. The Corporation shall satisfy the withholding obligations by withholding a number of whole shares of Stock to be issued in settlement of the vested Restricted Stock Units, the aggregate Fair Market Value of which is equal to or less than the aggregate withholding obligation as determined by the Corporation with respect to such Award. The portion of any amount required to be withheld that is not divisible in whole shares of Stock may be withheld from the Participant's cash wages. |

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|:---|:---|
| 11.4 | *Restrictions on Transfer*. The Restricted Stock Units are not transferable unless and until they have been converted to vested Stock in accordance with this Agreement, other than by will or under the applicable laws of descent and distribution (and then only to the extent that the Restricted Stock Units are shortly thereafter converted to vested Stock in accordance with Section 5 hereof). The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant. Any attempt to effect a transfer of any Restricted Stock Unit prior |

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to the date on which the Restricted Stock Unit vests and is converted to vested Stock shall be void *ab initio*. For purposes of this Agreement, "transfer" shall mean any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy or attachment.<br>

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| | |
|:---|:---|
| 11.5 | *Modification or Amendment*. This Agreement may not be amended or otherwise modified, except as set forth herein or in the Plan, unless evidenced in writing and signed by the Corporation and the Participant. Notwithstanding the foregoing, this Agreement may be amended by the Committee, to take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of: (i) conforming the Agreement to any present or future law relating to plans of this or similar nature (including, but not limited to, Code Section 409A); or (ii) avoiding an accounting treatment resulting from an accounting pronouncement or interpretation thereof issued by the SEC or by the Financial Accounting Standards Board after the grant of this Restricted Stock Unit, which, in the sole discretion of the Committee, may materially and adversely affect the financial condition or results of operations of the Corporation. |

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| | |
|:---|:---|
| 11.6 | *Headings*. Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference. Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision hereof. |

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|:---|:---|
| 11.7 | *Interpretation*. The Participant accepts the Restricted Stock Units subject to all the terms and provisions and restrictions of this Agreement and the Plan. The undersigned Participant hereby accepts as binding, conclusive and final all decisions or interpretations of the Board or the Committee upon any questions arising under this Agreement or the Plan. |

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|:---|:---|
| 11.8 | *Governing Law*. This Restricted Stock Unit will be governed by and construed in accordance with the laws of the State of New Jersey. In addition, this Restricted Stock Unit is subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Corporation will not be obligated to issue any Restricted Stock Unit or fully vested Stock hereunder if the issuance of such Restricted Stock Unit or vested Stock would constitute a violation of any such law, regulation or order or any provision thereof. Notwithstanding anything to the contrary herein, the grant and settlement of Restricted Stock Units hereunder are conditioned upon and subject to compliance with Section 18(k) of the Federal Deposit Insurance Act, 18 U.S.C. 1828(k), and the rules and regulations promulgated thereunder. |

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| | |
|:---|:---|
| 11.9 | *Notices*. All written notices and all other written communications to the Corporation provided for in the Plan or in any Award Agreement, shall be delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid (provided that international mail shall be sent via overnight or two-day delivery), or sent by facsimile, email or prepaid overnight courier to _________________. |

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|:---|:---|
| 11.1 | *Subject to Company Policies and Restrictions*. Notwithstanding any other provision of this Agreement to the contrary, any Restricted Stock Unit granted hereunder or any vested shares of Stock issued upon the settlement of a Restricted Stock Unit, and/or any amount received with respect to any sale of any vested shares, shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of any clawback policy maintained by the Corporation, any trading policy restrictions and/or any hedging/pledging policy restrictions (the "**Policies**"). In addition, the Participant agrees and consents to the Corporation's application, implementation and enforcement of (a) the Policies and (b) any provision of applicable law relating to cancellation, rescission, payback or recoupment of compensation, and expressly agrees that the Corporation may take such actions as are necessary to effectuate the Policies, any similar policy (as applicable to the Participant) or any amendments that may be made from time to time in the future by the Corporation, in its discretion, without further consent or action being required by the Participant. To the extent that the terms of this Agreement and any of the Policies or any similar policy conflict, then the terms of such policy shall prevail. |

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[*Signature Page Follows*]

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**IN WITNESS WHEREOF**, the Corporation has caused this Agreement to be executed in its name and on its behalf as of the date of grant of this Restricted Stock Unit Award set forth above.

#### PEAPACK-GLADSTONE FINANCIAL CORPORATION
By: ______________________________________________

#### PARTICIPANT'S ACCEPTANCE
The undersigned hereby accepts the foregoing Restricted Stock Unit Award and agrees to the terms and conditions hereof, including the terms and provisions of the 2025 Long-Term Incentive Plan. The undersigned hereby acknowledges receipt of a copy of the Plan and related prospectus.

**PARTICIPANT**<br>

________________________________________________<br>

## Exhibit 10.4

**EXHIBIT 10.4**<br>

#### PERFORMANCE AWARD AGREEMENT

#### FOR

#### RESTRICTED STOCK UNITS

Granted by

#### PEAPACK-GLADSTONE FINANCIAL CORPORATION

under the

#### 2025 LONG-TERM INCENTIVE PLAN

This Performance Award Agreement for Restricted Stock Units ("**Performance RSU Awards**" or "**Agreement**") is and will be subject to the provisions of the 2025 Long-Term Incentive Plan, as amended (the "**Plan**") of Peapack-Gladstone Financial Corporation (the "**Corporation**") which are incorporated herein by reference and made a part hereof. A copy of the Plan has been provided or made available to each person granted a Performance Unit Award pursuant to the Plan. The holder of these Performance RSU Awards (the "**Participant**") hereby accepts these Performance RSU Awards, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Compensation Committee of the Board of Directors of the Corporation ("**Committee**") will be final, binding and conclusive upon the Participant and the Participant's heirs, legal representatives, successors and permitted assigns. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Participant.** The Corporation
 hereby grants this Award to the Participant as set forth in <u>Exhibit C</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Date of Grant.** This Award is made as of the date set
 forth on <u>Exhibit C</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Total Number of Performance RSU Awards (at Target level).** The Corporation hereby grants the Participant the number Restricted Stock Units (the "**Units** ")
 set forth in <u>Exhibit C</u>. The Award and the Units shall be subject to the terms and conditions set forth in this Agreement and the provisions
 of the Plan. <br> The number of Shares covered by the Performance RSU Award to be issued may increase or decrease depending on whether the performance
 conditions are satisfied as set forth in <u>Exhibit A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Restricted Stock Units.** <br>
 The Performance RSU Awards are Restricted Stock Units denominated in Shares, except that no Shares are actually awarded to the Participant on the date of grant. Rather, the Performance RSU Awards will be settled in Shares upon the
 satisfaction of the terms and conditions of this Agreement and the Plan. Each Performance RSU Award granted<br>

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represents the right to receive one Share on the Determination Date (as defined below) in accordance with this Agreement and the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Performance Goal(s)/Vesting Schedule.** Except as otherwise
 provided in this Agreement, the number of Performance RSU Awards earned at the end of the measurement period (referred to herein as the "**Performance Period**") is based on the level of achievement of the performance goal(s) set forth in this Agreement. The Performance Period for the Performance RSU Awards is the period, commencing on the date and ending on the date set forth in <u>Exhibit A</u>. The determination date for purposes of vesting of the Award will be no later than March 15 of the calendar year immediately following the
 Performance Period (or as soon thereafter during year following the Performance Period as achievement or non-achievement of the performance measure can be determined, with any earlier or delayed date being deemed the "**Determination Date** "). In order to vest in/earn the Performance RSU Awards: (i) the Committee must certify in writing the level at which the performance measure
 was achieved; and (ii) the Participant must be employed on the Determination Date, unless the Performance RSU Awards vest/are earned prior to the Determination Date pursuant to Sections 8 or 10 of this Agreement. <br> The performance measure for the Performance RSU Awards is set forth in <u>Exhibit A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Terms and Conditions.** **** 

<br> ---

| | |
|:---|:---|
| 6.1 | Dividend Equivalent Rights. If set forth in the Committee's grantresolutions and noted by marking "x" in the box below, Dividend Equivalent Rights<br>[ ] will [ ] will not<br>be paid on the Performance RSU Awards. If Dividend Equivalent Rights are to be paid on the Performance RSU Awards, any such Dividend Equivalent Rights shall be credited by the Corporation to an account for the Participant and accumulated, with interest for each calendar year (or portion thereof) at an annual rate equal to the dividend yield rate for the immediately preceding calendar year, until the date upon which the underlying Performance RSU Awards become vested or are earned. In the event any Performance RSU Awards are forfeited such Dividend Equivalents credited to the Participant with respect to such forfeited RSU Awards and any interest accrued thereon shall be forfeited to the Corporation, and the Participant shall have no rights and the Corporation shall have no liability as to such Dividend Equivalents or interest. <br>|

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<br> 6.2 Voting Rights. The Participant will have no voting right with respect to any Performance RSU Award granted hereunder. <br>

7. **Delivery of Shares.** **** **Subject to Sections 7, 8, 10, 11.7 and 11.9, as soon as practicable, but no later than 30 days, after the Determination Date (the "Payment Date"), the Corporation shall, if applicable, issue the Shares that correspond to the vested Performance RSU Awards to the Participant**

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either via a stock certificate or in bookkeeping entry account with the Corporation's stock transfer agent.

Delivery of Shares under this Performance RSU Awards will comply with all applicable laws (including, the requirements of the 1934 Act), and the applicable requirements of any securities exchange or similar entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Change in Control.** 

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|:---|:---|
| 8.1 | <u>Performance RSU Awards Are Assumed or Substituted by a Surviving Entity</u>. With respect to Performance RSU Awards that are assumed by the surviving entity or otherwise equitably converted or substituted in connection with a Change in Control, and within two years following the effective date of a Change in Control, the Participant is terminated without Cause or resigns for Good Reason, the Participant will vest in/earn a portion or all of the Performance RSU Awards as follows: (a) with respect to the number of months employed during the applicable Performance Period associated with the unvested Performance RSU Awards (the "**<u>Employment Vesting Period</u>**"), the level of achievement of the Corporation during the Employment Vesting Period shall be based upon actual achievement of the performance goals with respect to the unvested Performance RSUs during such period and (b) with respect to the remaining months of the applicable Performance Period associated the unvested Performance RSU Awards (the "**<u>Remaining Vesting Period</u>**"), the level of achievement of the Corporation during the Remaining Vesting Period shall be based on an assumed Target level of achievement of the applicable performance goals with respect to the unvested Performance RSU Awards during such period. The Committee shall determine the extent to which the performance goals have been achieved and the level of achievement. The payout to the Participant shall be made as soon as reasonably practicable but in no event later than 60 days following the Participant's date of termination. |

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| | |
|:---|:---|
| 8.2 | <u>Performance RSU Awards Are Not Assumed or Substituted by a Surviving Entity</u>. With respect to Performance RSU Awards that are *not* assumed by the surviving entity or otherwise equitably converted or substituted in connection with a Change in Control, in the event of a Change in Control, the Participant will vest in/earn a portion or all of the Performance RSU Awards as follows: (a) with respect to the number of months employed during the applicable Performance Period associated with the unvested Performance RSU Awards prior to the effective date of the Change in Control (the "**<u>Pre-Change in Control Vesting Period</u>**"), the level of achievement of the Corporation during the Pre-Change in Control Vesting Period shall be based upon actual achievement of the performance goals with respect to the unvested Performance RSUs during such period and (b) with respect to the remaining months of the applicable Performance Period associated the unvested Performance RSU Awards (the "**<u>Remaining Vesting Period</u>**"), the level of achievement of the Corporation during the Remaining Vesting Period shall be based on an assumed Target level of achievement of the applicable performance goals with respect to the unvested Performance RSU Awards during such period. The |

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Committee shall determine the extent to which the performance goals have been achieved and the level of achievement. The payout to the Participant shall be made as soon as reasonably practicable but in no event later than 60 days following the Change in Control.

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| | |
|:---|:---|
| 8.3 | A "**Change in Control**" will be deemed to have occurred as defined in accordance with the Plan, provided, however, that to the extent necessary to comply with Section 409A of the Code, a "Change in Control will not be deemed to occur unless the transaction constitutes a "change in control" pursuant to Section 409A of the Code. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Adjustment Provisions.** 

The Performance RSU Awards will be adjusted based on actual achievement at the end of the Performance Period.

In addition, the Performance RSU Awards may be adjusted equitably in accordance with certain applicable provisions of the Plan, including Section 3.4 thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Effect of Termination of Service on Performance Award.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 The Performance RSU Awards will vest as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **Death.** In the event of the Participant's termination of service by reason of the Participant's death prior to the completion of the Performance Period, the Performance RSU Awards will vest/be settled at the Target level. Alternatively, in the event of the Participant's termination of service by reason of death *after* the completion of the Performance Period, but prior to the Determination Date, the Performance RSU Awards will vest/be settled based on the actual level of performance achieved during the Performance Period. In either case, the underlying Shares will be issued to the Participant's beneficiary or estate on the Payment Date. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **Disability.** In the event of the Participant's termination of service by reason of Disability prior to the completion of the Performance Period, the Performance RSU Awards will vest/be settled at the Target level. Alternatively, in the event of the Participant's termination of service by reason of Disability *after* the completion of the Performance Period, but prior to the Determination Date, the Performance RSU Awards will vest/be settled based on the actual level of performance achieved during the Performance Period. In either case, the underlying Shares will be issued to the Participant on the Payment Date. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **Retirement.** Unless otherwise determined pursuant to a Retirement Transition Agreement between the Corporation and the Participant (which shall constitute an amendment to this Agreement), the event of the Participant's termination of service by reason of Retirement prior to the Determination Date, a portion of the Performance RSU Awards will vest/be

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settled at Target level, *multiplied by a fraction*, the numerator of which is the number of months completed during the Performance Period as of the Participant's date of Retirement (rounded up to the nearest whole month), and the denominator of which is 36. Alternatively, in the event of the Participant's termination of service by reason of Retirement *after* completion of the Performance Period but prior to the Determination Date, the Performance RSU Awards will vest/be settled based on the actual level of performance achieved during the Performance Period. In either case, the underlying Shares will be issued to the Participant on the Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) **Termination for Cause.** If the Participant's Service has been terminated for Cause, all Performance RSU Awards granted to the Participant hereunder will expire and be forfeited. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) **Other Termination.** If a Participant terminates Service for any reason other than due to death, Disability, Retirement, all Performance RSU Awards granted to the Participant hereunder will expire and be forfeited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Miscellaneous .** 

<br> 11.1 No Performance RSU Awards will confer upon the Participant any rights as a stockholder of the Corporation prior to the date on which the individual fulfills all conditions for receipt of such rights and Shares are transferred to the Participant. <br>

<br> 11.2 This Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Corporation and the Participant. <br>

<br> 11.3 The Performance RSU Awards are not transferable. <br>

<br> 11.4 The Performance RSU Awards will be governed by and construed in accordance with the laws of the State of New Jersey. <br>

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| | |
|:---|:---|
| 11.5 | The Performance RSU Awards are subject to all laws, regulations and orders of any governmental authority that may be applicable thereto and, notwithstanding any of the provisions hereof, the Corporation will not be obligated to issue any Shares hereunder if the issuance of such Shares would constitute a violation of any law, regulation or order or any provision thereof.<br>|

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<br> 11.6 The granting of the Performance RSU Awards does not confer upon the Participant any right to be retained in the employ of, or as a service provider to, the Corporation or any subsidiary. <br>

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| | |
|:---|:---|
| 11.7 | Subject to written consent by the Committee, the Participant shall have the right to direct the Corporation (or an affiliate of the Corporation) to collect federal, state and local income taxes and the employee portion of FICA taxes (Social Security and Medicare) with respect to any Performance RSU Award in accordance with the Plan. Notwithstanding the foregoing, the Corporation shall have the right to require the Participant to pay the Corporation (or an affiliate of the Corporation) |

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the amount of any tax that the Corporation (or an affiliate of the Corporation) is required to withhold with respect to the settlement of the Performance RSU Awards or sell without notice, a sufficient number of Shares received upon settlement of the Performance RSU Awards to cover the maximum amount required to be withheld under applicable law.<br>

<br> 11.8 To the extent any provision of this Agreement conflict with the terms of the Plan, the terms of the Plan shall control. <br>

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| | |
|:---|:---|
| 11.9 | Notwithstanding any provision to the contrary and solely to the extent necessary to comply with Section 409A of the Code, if the Participant is a "specified employee" within the meaning of Section 409A of the Code and any distribution of Shares with respect to the Performance RSU Awards are payable due to the Participant's "separation from service" within the meaning of Section 409A of the Code (hereinafter, referred to as a "**Separation from Service**"), no payment or distribution of Shares with respect to the Performance RSU Awards shall be made within with the first six months following the Participant's Separation from Service. Rather, such payment or distribution of Shares shall be made on the first day of the seventh month following the Participant's Separation from Service. |

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#### <br>

#### [Signature Page Follows on Exhibit C]

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#### EXHIBIT A

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Performance Period:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Performance Measure:** 

The performance measure for the Performance RSU Awards is based on the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. 60% based on the Corporation's cumulative earnings per share ("**EPS**") growth as compared to the cumulative EPS growth of each member of a selected peer group of the Corporation as set forth in <u>Exhibit B</u> (the "**Peer Group**") during the Performance Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 20% based on [Liquidity growth as compared to the cumulative Liquidity growth of each member of the Peer Group during the Performance Period]; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. 20% based on [Credit growth as compared to the cumulative Credit growth of each member of the Peer Group during the Performance Period].

The Committee, in its sole discretion, may modify the Peer Group to reflect changes to the Peer Group members (e.g., as a result of a merger). The Committee, in its sole discretion and in accordance with the Plan, may also make adjustments to the actual EPS, Liquidity and/or Credit growth results of the Corporation to reflect non-recurring or unusual items during the Performance Period.

Vesting of the Performance RSU Awards is based on the Corporation's cumulative EPS growth performance relative to the Peer Group during the Performance Period as follows:

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| | | |
|:---|:---|:---|
| <br> **Threshold**<br> Cumulative EPS, Liquidity, and Credit Growth During the Performance Period Compared to the Peer Group<br> (25<sup>th</sup> Percentile)<br>| **Target**<br> Cumulative EPS, Liquidity, and Credit Growth During the Performance Period Compared to the Peer Group<br> (50<sup>th</sup> Percentile)<br>| **Maximum**<br> Cumulative EPS, Liquidity, and Credit Growth During the Performance Period Compared to the Peer Group<br> (75<sup>th</sup> Percentile)<br>|

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If the Corporation's cumulative EPS, Liquidity, and Credit growth during the Performance Period falls: (1) below the Threshold level; (2) between the Threshold and Target levels; or (3) between the Target and Maximum levels, the number of Performance RSU Awards earned will be calculated by interpolating between payout levels for performance between performance levels. In no event shall the number of Performance RSU Awards earned exceed the number of awards at the Maximum level, regardless if the Corporation's cumulative EPS, Liquidity, and Credit growth during the Performance Period is greater than the 75<sup>th</sup> percentile of the Peer Group.

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#### EXHIBIT B

#### Peer Group

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br>**Company Name**<br>| <br>**Ticker**<br>| <br>**City**<br>| <br>**State**<br>| Cumulative EPS % During Performance Period | Liquidity | Credit |

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#### EXHIBIT C

1. **Name of Participant.** 

2. **Date of Grant.** <u>As of [DATE]</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Number of Performance RSU Awards (at Target level).** <u>[#]</u> 

The number of Shares covered by the Performance RSU Award to be issued may increase or decrease depending on whether the performance conditions are satisfied as set forth in <u>Exhibit A</u>.

IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed in its name and on its behalf as of the date of grant of this award set forth above.

#### PEAPACK-GLADSTONE FINANCIAL CORPORATION

#### <br>
By: _____________________________________________

Its: _____________________________________________

#### PARTICIPANT'S ACCEPTANCE
The undersigned hereby accepts the foregoing Performance RSU Awards and agrees to the terms and conditions hereof, including the terms and provisions of the 2025 Long-Term Incentive Plan. The undersigned hereby acknowledges receipt of a copy of the Plan and related prospectus.

#### PARTICIPANT

#### <br>

#### ___________________________________________________<br>
Date __________

## Exhibit 23.2

**EXHIBIT 23.2**<br>

**<br>** <br> **** 

<br> #### CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of Peapack-Gladstone Financial Corporation of our report dated March 12, 2025, relating to the consolidated financial statements and effectiveness of internal control over financial reporting, appearing in the Annual Report on Form 10-K of Peapack-Gladstone Financial Corporation for the year ended December 31, 2024.

![](image0.jpg)

Crowe LLP

Livingston, New Jersey

June 30, 2025

## Ex-Filing

#### EXHIBIT 107

#### Calculation of Filing Fee Tables

#### Form S-8
(Form Type)

#### Peapack-Gladstone Financial Corporation
(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered Securities</u>

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security Type | Security Class Title | Fee Calculation Rule | Proposed Maximum Aggregate Offering Price Per Share<sup>(2)</sup> | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee |
| Equity | Common stock, no par value per share | 457(c) and 457(h)<br>857830<sup>(3)</sup> | $27.43 | $23530276.90 | 0.00015310 | $3602.49 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  | $23530276.90 |  | $3602.49 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  | $0.00 |
| Net Fee Due | Net Fee Due | Net Fee Due |  |  |  | $3602.49 |

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___________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Together with an indeterminate number of additional shares that may be necessary to adjust the number of shares reserved for issuance pursuant to
 the Peapack-Gladstone Financial Corporation 2025 Long-Term Incentive Plan (the "2025 LTIP") as a result of a stock split, stock dividend or similar adjustment of the outstanding common stock of Peapack-Gladstone Financial Corporation (the
 "Company") pursuant to 17 C.F.R. Section 230.416(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Estimated solely for the purpose of calculating the registration fee
 in accordance with Rules 457(c) and (h) under the Securities Act, based on the average of the high and low prices of the Company's common stock as
 reported on the Nasdaq Stock Market on June 25, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Represents 390,000 shares of common stock reserved for issuance under the 2025 LTIP, plus 105,196 shares of common stock which remained
 available for issuance under the Peapack-Gladstone Financial Corporation 2021 Long-Term Incentive Plan (the "2021 LTIP") and became available for issuance under the 2025 LTIP, plus up to 362,634 shares of common stock underlying
 outstanding awards under the 2021 LTIP that expire, are terminated, are canceled or are forfeited for any reason after April 29, 2025.

<u>Table 2: Fee Offset Claims and Sources</u>

N/A

<br>